Morgan Stanley raised the firm’s price target on Pinnacle West (PNW) to $89 from $85 and keeps an Equal Weight 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 PNW:
- Pinnacle West price target lowered to $91 from $92 at Wells Fargo
- Pinnacle West price target lowered to $90 from $95 at Barclays
- Pinnacle West price target raised to $95 from $94 at UBS
- Pinnacle West price target lowered to $85 from $91 at Morgan Stanley
- Pinnacle West downgraded to Sector Weight from Overweight at KeyBanc