BofA lowered the firm’s price target on Portland General Electric (POR) to $43 from $46 and keeps an Underperform rating on the shares after the Public Utility Commission of Oregon issued a Final order in the company’s 2025 general rate case that calls for a $99.5M annual revenue increase. The firm lowers its 2025-2028 EPS estimates as the final order was less constructive than BofA had expected, the analyst tells investors.
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