Guggenheim Upgrades Avista to Neutral, Announces $34 Price Target
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Shahriar Pourreza upgraded Avista Corporation (NYSE:AVA) from Sell to Neutral and set a price target of $34. This reflects a change in the firm's outlook on the stock, suggesting a more favorable view than previously held.
January 22, 2024 | 2:55 pm
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Avista Corporation was upgraded by Guggenheim from Sell to Neutral with a new price target of $34, indicating a potentially stable outlook for the stock in the near term.
Upgrades by analysts can lead to increased investor confidence and can signal an improvement in the company's fundamentals or market position. The upgrade from Sell to Neutral suggests that the negative sentiment has abated, which could lead to short-term price stabilization or modest gains. The price target of $34 provides a reference point for investors, potentially influencing the stock's trading behavior around this level.
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IMPORTANCE 75
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