Portland General Electric Downgraded to Neutral at UBS
AI Summary1 min read
TL;DR
Portland General Electric was downgraded to 'Neutral' by UBS over valuation concerns and a delayed regulatory catalyst. Despite a 13% Q3 industrial demand surge from data centers and semiconductors, the company upheld its 2025 earnings and long-term growth guidance.
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Portland General Electric
Portland General Electric (POR) has been downgraded by UBS from 'Buy' to 'Neutral' due to valuation and a catalyst for Oregon Public Utility Commission approval seven months away. The company reported a 13% surge in industrial demand in Q3, led by data centers and semiconductor manufacturers. POR maintained its FY 2025 adjusted earnings guidance and reaffirmed its long-term EPS and dividend growth guidance.
