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Idacorp initiated with an Overweight at Barclays

Barclays initiated coverage of Idacorp (IDA) with an Overweight rating and $144 price target The company is positioned for 10% annual earnings growth through 2028 amid robust load growth, the analyst tells investors in a research note. The firm views the shares as attractively valued withe a constructive Idaho rate case and plans to increase capital expenditures through 2029.

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