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Fly News Breaks for November 4, 2019
IDA
Nov 4, 2019 | 06:18 EDT
BofA/Merrill analyst Julien Dumoulin-Smith upgraded Idacorp to Neutral from Underperform with a price target of $113, up from $109. The shares are valued at a discount compared to peers, Dumoulin-Smith tells investors in a research note. As such, the analyst sees an opportunity to upgrade the shares ahead of the company's capex, ratebase, and likely dividend payout ratio updates.
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