Guggenheim Downgrades Portland Gen Electric to Neutral, Lowers Price Target to $50
Portfolio Pulse from richadhand@benzinga.com
Guggenheim analyst Shahriar Pourreza downgraded Portland Gen Electric (NYSE:POR) from Buy to Neutral and lowered the price target from $54 to $50.
June 20, 2023 | 1:07 pm
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Guggenheim downgraded Portland Gen Electric (POR) to Neutral and reduced the price target from $54 to $50.
The downgrade from Buy to Neutral by Guggenheim analyst Shahriar Pourreza indicates a less optimistic outlook for Portland Gen Electric. The lowered price target from $54 to $50 suggests that the analyst believes the stock has limited upside potential in the short term. This news is likely to have a negative impact on POR's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100