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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.

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