Deutsche Bank Starts Portland General Electric (POR) at Buy; Above-Average Growth Opportunities

Deutsche Bank initiates coverage on Portland General Electric (NYSE: POR) with a Buy. PT $27.50.

Deutsche analyst said, "We are initiating coverage of POR with a Buy based on the utility's above-average growth opportunities as well as the current 10% trading discount versus regulated peers. We expect progress on the new generation requests for proposals pending before the Oregon PUC and the Cascade Crossing transmission project to serve as key positive catalysts over the next 6-12 months, narrowing POR's discount and highlighting the growth potential."

"We are introducing 2012/2013/2014 EPS estimates of $1.93/$1.95/$2.05, with
2014 growth driven by the expected filing of a new rate case."

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

Shares of Portland General Electric closed at $25.14 yesterday.

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