Morgan Stanley analyst David Arcaro raised the firm’s price target on Idacorp (IDA) to $146 from $139 and keeps an Overweight rating on the shares. The firm is updating its Regulated & Diversified Utilities / IPPs in North America under its coverage, noting utilities underperformed the S&P’s return in December, the analyst tells investors.
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Read More on IDA:
- Idacorp downgraded to Underweight from Equal Weight at Wells Fargo on valuation
- Idacorp downgraded to Underweight from Equal Weight at Wells Fargo
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