Barclays analyst Nicholas Campanella lowered the firm’s price target on Pinnacle West to $75 from $79 and keeps an Overweight rating on the shares post the Q4 report. The firm says a path to premium in Arizona still exists given load growth and the catalyst path turning to regulatory lag docket.
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Read More on PNW:
- Pinnacle West Capital Corp’s March 2024 Investor Engagements
- Pinnacle West price target lowered to $69 from $76 at Evercore ISI
- Pinnacle West price target lowered to $80 from $83 at RBC Capital
- Pinnacle West 9.774M share Spot Secondary priced at $66.50
- Pinnacle West Sets Price for Major Share Offering
