Portland General Electric price target lowered to $42 from $47 at Jefferies

Jefferies analyst Julien Dumoulin-Smith lowered the firm’s price target on Portland General Electric (POR) to $42 from $47 and keeps a Hold rating on the shares. After stark selloffs in power, utility, and technology stocks on January 26 prompted by DeepSeek, the “question is whether the data center boom is done before it even truly started,” the analyst tells investors in a Q4 preview for the power and utilities group. The firm still sees merits in the integrated utilities over transmission and distribution utilities, but continues to recommend “select lower risk names with more balanced risk rewards,” the analyst added.