BofA raised the firm’s price target on Idacorp (IDA) to $134 from $127 and keeps a Buy rating on the shares. Idacorp trades at about a 22% premium to SMID-cap peers, but the firm views the premium as warranted given “constructive” Idaho regulation, strong visibility on mega-projects and a “robust” industrial and data center pipeline, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IDA: