Morgan Stanley Maintains Equal-Weight on Pinnacle West Capital, Raises Price Target to $78
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained its Equal-Weight rating on Pinnacle West Capital while raising the price target from $72 to $78.
August 23, 2024 | 4:45 pm
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Morgan Stanley has maintained its Equal-Weight rating on Pinnacle West Capital and increased the price target from $72 to $78, indicating a positive outlook.
The increase in the price target from $72 to $78 by Morgan Stanley suggests a positive outlook for Pinnacle West Capital. Maintaining the Equal-Weight rating indicates that the stock is expected to perform in line with the market. The raised price target is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100