Keybanc Maintains Underweight on Pinnacle West Capital, Raises Price Target to $61
Portfolio Pulse from richadhand@benzinga.com
Keybanc analyst Sophie Karp maintains an Underweight rating on Pinnacle West Capital (NYSE:PNW) and raises the price target from $55 to $61.
July 19, 2023 | 8:30 am
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Pinnacle West Capital's price target has been raised from $55 to $61 by Keybanc, while maintaining an Underweight rating.
The news is directly about Pinnacle West Capital. While the price target increase is a positive signal, the Underweight rating suggests that the analyst believes the stock may underperform the market, which could have a neutral to negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100