Wednesday, September 16, 2020 11:18:02 PM
Portland General Electric (NYSE:POR) +2.1% pre-market after Bank of America upgrades shares to Buy from Neutral, although with a reduced price target of $39 vs. $41 previously, saying the worst is priced in after falling 12% in the past week on unconfirmed reports that its electrical equipment may have ignited some of the wildfires in Oregon.
"While three wildfires currently run through POR's distribution service territory, the company continues to stress no evidence that their equipment was an ignition," says BofA's Julien Dumoulin-Smith.
https://seekingalpha.com/news/3614583-worst-priced-in-portland-general-bofa-says-in-upgrade-to-buy
Recent POR News
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/10/2024 02:06:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 03:09:40 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/07/2024 05:02:40 PM
- Portland General Electric Announces First Quarter 2024 Results • PR Newswire (US) • 04/26/2024 09:00:00 AM
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- Form ARS - Annual Report to Security Holders • Edgar (US Regulatory) • 03/06/2024 09:28:21 PM
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