Wells Fargo lowered the firm’s price target on Portland General Electric (POR) to $44 from $46 and keeps an Equal Weight rating on the shares. The firm notes shares fell 3.8% on Friday-while Portland affirmed 2025 EPS guidance and reported robust sales growth, wildfire policy and regulatory treatment remain challenges along with external financing needs.
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Read More on POR:
- Portland General Electric’s Q1 2025 Financial Overview
- Portland General Electric’s Balanced Earnings Call Highlights
- Portland GE Reports Q1 2025 Earnings and Dividend
- Portland General backs FY25 adjusted EPS view $3.13-$3.33, consensus $3.25
- Portland General Electric reports Q1 adjusted EPS $1.21, consensus 99c