Morgan Stanley Reiterates Equal-Weight on Pinnacle West Capital, Raises Price Target to $78
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd has reiterated an Equal-Weight rating on Pinnacle West Capital (NYSE:PNW) and raised the price target from $73 to $78.
July 21, 2023 | 3:03 pm
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Morgan Stanley has reiterated an Equal-Weight rating on Pinnacle West Capital and raised the price target from $73 to $78.
The reiteration of an Equal-Weight rating indicates that Morgan Stanley believes Pinnacle West Capital's stock is fairly valued. However, the increase in the price target from $73 to $78 suggests that they see potential for the stock's price to increase in the short term. This could have a positive impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100