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Pinnacle West price target raised to $76 from $69 at BofA
The Fly

Pinnacle West price target raised to $76 from $69 at BofA

BofA raised the firm’s price target on Pinnacle West to $76 from $69 and keeps an Underperform rating on the shares after marking to market its model to apply the latest peer group multiple and a higher 2025 EPS estimate. Given the stock’s strong relative year-to-date performance, BofA continues to see shares as fundamentally over-valued based on fundamentals and peer valuations.

Published first on TheFly

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