Wells Fargo Maintains Equal-Weight on Pinnacle West Capital, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Sarah Akers has maintained an Equal-Weight rating on Pinnacle West Capital (NYSE:PNW) and raised the price target from $87 to $90.
October 16, 2024 | 3:27 pm
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Wells Fargo has maintained its Equal-Weight rating on Pinnacle West Capital and increased the price target from $87 to $90, indicating a slightly more positive outlook.
The increase in price target from $87 to $90 by Wells Fargo suggests a slightly more optimistic view on Pinnacle West Capital's stock performance. Maintaining the Equal-Weight rating indicates that the stock is expected to perform in line with the market. This could lead to a modest positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100