Mizuho Maintains Neutral on Idacorp, Lowers Price Target to $88
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Anthony Crowdell maintains a Neutral rating on Idacorp (NYSE:IDA) and lowers the price target from $99 to $88.
March 05, 2024 | 1:03 pm
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Mizuho analyst Anthony Crowdell maintains a Neutral rating on Idacorp and lowers the price target from $99 to $88.
The adjustment in price target by Mizuho reflects a recalibration of expectations for Idacorp, likely due to updated financial analysis or market conditions. A Neutral rating with a lowered price target suggests that the analyst sees limited upside potential or increased risk factors that could constrain the stock's performance. However, the absence of a downgrade to a Sell or Underperform indicates that the risks are not severe enough to warrant a negative outlook. Investors might interpret this as a signal to hold the stock if they own it, but it may not be a compelling buy at current levels.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100