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

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July 5, 2011 7:32 AM EDT
Get Alerts POR Hot Sheet
Price: $49.59 -1.16%

Rating Summary:
    7 Buy, 15 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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Goldman Sachs downgraded Portland General Electric Company (NYSE: POR) from Buy to Neutral and lowers their price target from $26 to $25.

The firm said risk/reward is less attractive with year-to-date outperform and lower 2013 EPS forecasts.

Goldman recommends investors rotate out of Portland General Electric and into El Paso Electric Co. (NYSE: EE) or Great Plains Energy Incorporated (NYSE: GXP).

For more ratings news on Portland General Electric Company click here and for the rating history of Portland General Electric Company click here.

Shares of Portland General Electric Company closed at $25.28 yesterday.

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