tiprankstipranks
Credit Suisse upgrades Pinnacle West to Outperform, raises price target to $80
The Fly

Credit Suisse upgrades Pinnacle West to Outperform, raises price target to $80

As previously reported, Credit Suisse analyst Nicholas Campanella upgraded Pinnacle West to Outperform from Neutral with a price target of $80, up from $77, following several positive developments in the AZ jurisdiction which is now putting the firm’s EPS outlook well above Consensus. Credit Suisse believes EPS expectations are poised to inflect for shares given several positive updates. The firm notes shares have outperformed XLU peers by 6.5% year-to-date, but it sees further room for outperformance with the stock still trading at a 6% price-to-earnings discount on its 2025 outlook in addition to what Credit Suisse is viewing as a structural shift in the operating environment.

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

Read More on PNW:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles