Morgan Stanley Maintains Equal-Weight on Pinnacle West Capital, Raises Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd has maintained an Equal-Weight rating on Pinnacle West Capital (PNW) and increased the price target from $69 to $70.
March 21, 2024 | 4:31 pm
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Morgan Stanley maintains an Equal-Weight rating on Pinnacle West Capital and raises the price target from $69 to $70.
The increase in price target by Morgan Stanley suggests a positive outlook on the stock's future performance, potentially leading to a short-term increase in its stock price. The Equal-Weight rating indicates that the stock is expected to perform in line with the market or sector, but the raised target price signals analyst confidence in some upside potential.
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IMPORTANCE 75
RELEVANCE 100