Wells Fargo raised the firm’s price target on Pinnacle West (PNW) to $95 from $92 and keeps an Equal Weight rating on the shares. The firm notes the firm posted strong 2024 results and affirmed the recently refreshed outlook. The upcoming AZ rate case remains front and center along with favorable underlying sales/economic trends, Wells adds.
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Read More on PNW:
- Pinnacle West Capital’s Strong Q4 Performance and Favorable Outlook Justify Buy Rating
- Pinnacle West Capital Reports Strong 2024 Earnings
- Pinnacle West Capital’s Earnings Call Highlights Growth and Challenges
- Pinnacle West reports Q4 EPS (6c), consensus (15c)
- Pinnacle West sees FY25 EPS $4.40-$4.60, consensus $4.53
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