Morgan Stanley lowered the firm’s price target on Pinnacle West (PNW) to $92 from $98 and keeps an Equal Weight rating on the shares. The firm updated its price targets for Regulated & Diversified Utilities / IPPs in North America for April, the analyst tells investors. Morgan Stanley notes utilities underperformed the S&P’s return this month.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PNW:
- Pinnacle West Shareholders Reaffirm Board and Governance Structure
- Pinnacle West price target raised to $101 from $100 at TD Cowen
- Pinnacle West Raises Long-Term Retail Sales Growth Outlook
- Pinnacle West: Market Perform Rating Reiterated Amid Regulatory Uncertainty; $106 Price Target Unchanged
- Pinnacle West price target raised to $102 from $101 at Barclays