Goldman Sachs Downgrades Portland General Electric Company (POR) to Sell

Goldman Sachs downgraded Portland General Electric Company (NYSE: POR) from Neutrla to Sell with a price target of $23.

The firm cited 5%-6% downside risk to 2012/2013 consensus estimates, greater uncertainty around approvals for new generation projects and relative valuation.

The firm cut 2011-2013 EPS estimates by 1%-2% to $2.04/$1.84/$1.85.

For an analyst ratings summary and ratings history on Portland General Electric Company click here. For more ratings news on Portland General Electric Company click here.

Shares of Portland General Electric Company closed at $24.67 yesterday, with a 52 week range of $20.71-$26.05.

---

Discover Wall Street's best ratings calls with the pros - Upgrade to Ratings Insider Elite. Free Trial!

You May Also Be Interested In

• UPDATE: UBS Downgrades Wisconsin Energy (WEC) to Neutral; Taking Some Off The Table
• Caris & Co. Downgrades Viacom (VIA) to Above Average
• Goldman Sachs Downgrades Raytheon (RTN) to Sell; Risk To Back-End Loaded 2012

Create E-mail Alert Related Categories

Downgrades, Hot Downgrades

Related Entities

Goldman Sachs

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?

Follow StreetInsider.com On Twitter