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Fly News Breaks for June 18, 2015
PNW
Jun 18, 2015 | 06:04 EDT
UBS upgraded Pinnacle West to Buy and lowered its price target to $63 from $67. The firm upgraded shares based on recent share underperformance and expects margin erosion concerns from rooftop solar penetration within its service territory to be addressed at the next ratecase in 2H 2016.
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