Morgan Stanley Maintains Equal-Weight on Pinnacle West Capital, Raises Price Target to $83
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst David Arcaro maintains an Equal-Weight rating on Pinnacle West Capital (NYSE:PNW) and raises the price target from $78 to $83.
September 25, 2024 | 4:20 pm
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Morgan Stanley has maintained its Equal-Weight rating on Pinnacle West Capital while increasing the price target from $78 to $83, indicating a positive outlook.
The increase in the price target from $78 to $83 by Morgan Stanley suggests a positive outlook for Pinnacle West Capital. Although the rating remains Equal-Weight, the raised target indicates potential for price appreciation, which could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100