Goldman Sachs Downgrades Portland General Electric Company (POR) to Sell
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Price: $50.76 +0.85%
Rating Summary:
6 Buy, 16 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
6 Buy, 16 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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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.
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.
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