B of A Securities Maintains Neutral on Pinnacle West Capital, Lowers Price Target to $78
Portfolio Pulse from richadhand@benzinga.com
B of A Securities analyst Julien Dumoulin-Smith has maintained a Neutral rating on Pinnacle West Capital (NYSE:PNW) and lowered the price target from $80 to $78.
June 29, 2023 | 2:12 pm
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NEUTRAL IMPACT
Pinnacle West Capital's price target has been lowered from $80 to $78 by B of A Securities, while maintaining a Neutral rating.
The lowering of the price target by B of A Securities could potentially create a negative sentiment among investors. However, the maintained Neutral rating indicates that the analyst does not expect significant price movement in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100