Pinnacle West Capital shares are trading higher after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $71 to $80.
Portfolio Pulse from Benzinga Newsdesk
Pinnacle West Capital's stock (PNW) trades higher following an upgrade from Neutral to Buy by B of A Securities, with a raised price target from $71 to $80.
March 18, 2024 | 3:30 pm
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POSITIVE IMPACT
Pinnacle West Capital's stock received an upgrade from Neutral to Buy by B of A Securities, and its price target was increased from $71 to $80.
The upgrade from Neutral to Buy by a significant financial institution like B of A Securities, accompanied by a substantial increase in the price target, is a strong positive signal for investors. This typically leads to increased investor confidence and can drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100