BMO Capital Reiterates Market Perform Rating on Portland General Electric Company (POR)

BMO Capital analyst James M. Thalacker reiterated a Market Perform rating and $48.00 price target on Portland General Electric Company (NYSE: POR).

The analyst comments "POR reached a settlement with CUB and the Staff of the PUC of Oregon to resolve their Distribution System Plan Alternative Rate Mechanism. The stipulation supports an annual revenue requirement addition of $57mm compared to the company's filed request of $72mm. We would view the stipulation favorably if approved as filed given it would represent a second consecutive constructive outcome in the regulatory path where continued success should drive further multiple expansion. Maintain Market Perform."

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 $47.85 yesterday.

You May Also Be Interested In

• Citigroup set to join top banks in Anthropic IPO - Bloomberg
• Standard Aero wins $62M Navy engine repair contract
• BMO Capital Starts Skyworks Solutions (SWKS) at Market Perform