Idacorp price target raised to $95 from $92 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Idacorp to $95 from $92 and keeps an Equal Weight rating on the shares. Whil accelerating sales growth has driven an inflection in the rate base outlook, the firm believes Idacorp’s shares fairly balance the upside growth opportunity against wildfire risk, the analyst tells investors. Attracting data centers and manufacturing would be key for the stock to outperform.