Pinnacle West price target raised to $78 from $77 at Mizuho

Mizuho analyst Anthony Crowdell raised the firm’s price target on Pinnacle West to $78 from $77 and keeps a Neutral rating on the shares. The analyst revised 2022 estimates to reflect higher than expected load primarily due to weather in the summer. He also updated his 2024 estimate to reflect increased load projections and introduce a 2025 estimate of $4.91earnigns per share.