Morgan Stanley Maintains Equal-Weight on Pinnacle West Capital, Raises Price Target to $73
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd has maintained an Equal-Weight rating on Pinnacle West Capital (NYSE:PNW) and increased the price target from $71 to $73.
November 21, 2023 | 2:51 pm
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POSITIVE IMPACT
Morgan Stanley has reaffirmed its Equal-Weight rating on Pinnacle West Capital and raised the price target to $73, indicating a potential upside from the previous target.
The increase in price target by a reputable analyst like Morgan Stanley suggests a positive outlook on the stock's value, which could lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100