B of A Securities Reinstates Underperform on Portland Gen Electric, Announces $47 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Ross Fowler has reinstated an 'Underperform' rating on Portland General Electric (NYSE:POR) with a price target of $47.
September 12, 2024 | 5:39 pm
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B of A Securities has reinstated an 'Underperform' rating on Portland General Electric with a price target of $47, indicating potential downside.
The 'Underperform' rating suggests that the analyst expects the stock to perform worse than the market or its peers. The $47 price target is below the current market price, indicating potential downside. This could lead to negative sentiment among investors, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100