Barclays Maintains Overweight on Pinnacle West Capital, Lowers Price Target to $77
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Eric Beaumont has maintained an 'Overweight' rating on Pinnacle West Capital (NYSE:PNW) but lowered the price target from $81 to $77.

September 28, 2023 | 10:05 am
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Barclays has maintained an 'Overweight' rating on Pinnacle West Capital but lowered the price target from $81 to $77.
The news is directly related to Pinnacle West Capital. While the 'Overweight' rating suggests that Barclays expects the stock to outperform, the lowering of the price target might create some negative sentiment among investors. However, the overall impact is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100