Idacorp price target raised to $102 from $94 at Morgan Stanley

Morgan Stanley analyst David Arcaro raised the firm’s price target on Idacorp to $102 from $94 and keeps an Equal Weight rating on the shares. In July, utilities outperformed the S&P’s +1.22% return by 560 bps, the analyst tells investors. The firm believes risk and growth prospects are appropriately priced in.