KeyBanc Upgrades Portland General Electric Company (POR) to Overweight

KeyBanc analyst Sophie Karp upgraded Portland General Electric Company (NYSE: POR) from Sector Weight to Overweight with a price target of $52.00.

The analyst comments: "We are upgrading POR to Overweight with a $52 PT. POR remains one of the least expensive names in the peer group, trading at 13.8x 2025 consensus estimates. While SMID names have underperformed large cap utilities in 1H24, POR's multiple is at the bottom of the SMID group as well. We believe that fund flows and market dynamics will favor SMIDs in the 2H, and furthermore, we view POR as a higher quality name in that peer group, deserving a premium, not a discount. Therefore, we are upgrading POR to OW with a $52 PT."

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 $46.35 yesterday.

You May Also Be Interested In