Ladenburg Thalmann Upgrades Pinnacle West Capital to Buy, Announces $83.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
Ladenburg Thalmann analyst Paul Fremont has upgraded Pinnacle West Capital (NYSE:PNW) from Neutral to Buy and set a price target of $83.5.
June 06, 2024 | 3:35 pm
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Ladenburg Thalmann has upgraded Pinnacle West Capital (NYSE:PNW) from Neutral to Buy, setting a price target of $83.5. This upgrade is likely to positively impact the stock price in the short term.
Analyst upgrades typically lead to increased investor confidence and buying activity, which can drive the stock price up. The specific price target of $83.5 provides a clear valuation benchmark.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100