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Goldman Sachs Upgrades Portland General Electric Company (POR) to Buy

April 20, 2011 7:01 AM EDT
Get Alerts POR Hot Sheet
Price: $42.00 +0.77%

Rating Summary:
    7 Buy, 12 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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Goldman Sachs upgraded Portland General Electric Company (NYSE: POR) from Neutral to Buy and raised their price target from $23 to $26.

The firm notes that POR trades at a 7%-13% discount on 2011-2013 forecasts – and EPS upside exists as rate base growth potential from new gas/wind plant projects may emerge in late 2011 or early 2012.

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 $23.58 yesterday.


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