Idacorp price target lowered to $88 from $99 at Mizuho

Mizuho lowered the firm’s price target on Idacorp to $88 from $99 and keeps a Neutral rating on the shares following the earnings report. The analyst highlights the strengths of the Idacorp story, but believes investors are awaiting further updates before being willing to assign the 10%-15% price-to-earnings premium at which the shares historically traded.