Wells Fargo analyst Sarah Akers raised the firm’s price target on Portland General Electric (POR) to $51 from $49 on Friday, citing higher peer multiples with with RFP outcomes and GRC outstanding, and kept an Equal Weight rating on the shares. The firm notes that 2024 guidance narrowed to upper half of range on strong YTD results punctuated by favorable Q3 power costs.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on POR:
- Portland GE Reports Strong Q3 2024 Earnings Boost
- Portland General Electric reports Q3 EPS 90c, consensus 87c
- Portland General Electric narrows FY24 EPS view to $3.08-$3.18 from $2.98-$3.18
- Portland General Electric (POR) Q3 Earnings Cheat Sheet
- Portland General Electric initiated with an Outperform at Evercore ISI