Barclays Downgrades Portland Gen Electric to Equal-Weight, Raises Price Target to $49
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Nicholas Campanella has downgraded Portland General Electric (NYSE:POR) from Overweight to Equal-Weight, while slightly raising the price target from $48 to $49.
September 18, 2024 | 1:00 pm
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Barclays has downgraded Portland General Electric from Overweight to Equal-Weight, indicating a neutral stance. However, the price target has been slightly increased to $49, suggesting limited upside potential.
The downgrade from Overweight to Equal-Weight suggests a neutral outlook from Barclays, which may lead to a neutral short-term impact on the stock price. The slight increase in the price target to $49 indicates limited upside potential, balancing the downgrade.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100