Morgan Stanley Maintains Equal-Weight on Pinnacle West Capital, Lowers Price Target to $76
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd maintains an Equal-Weight rating on Pinnacle West Capital (NYSE:PNW) and lowers the price target from $78 to $76.
May 22, 2023 | 12:24 pm
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NEUTRAL IMPACT
Morgan Stanley maintains an Equal-Weight rating on Pinnacle West Capital (NYSE:PNW) and lowers the price target from $78 to $76.
The news directly mentions Pinnacle West Capital (NYSE:PNW) and the lowered price target by Morgan Stanley. However, the Equal-Weight rating remains unchanged, indicating that the analyst still sees the stock as fairly valued. This may not have a significant short-term impact on the stock price, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100