Idacorp price target lowered to $97 from $113 at BofA

BofA analyst Paul Zimbardo lowered the firm’s price target on Idacorp to $97 from $113 and keeps a Neutral rating on the shares. The Idaho-focused regulated utility “appropriately trades at a large premium to utility peers” due to its favorable regulatory environment and above-average rate base growth, says the analyst, who rolls over valuation to use the firm’s 1% below-consensus 2026 EPS estimate.