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Fly News Breaks for February 13, 2018
PNW
Feb 13, 2018 | 07:20 EDT
As previously reported, Morgan Stanley analyst Stephen Byrd upgraded Pinnacle West to Equal Weight from Underweight following this year's underperformance, which he notes has left the stock trading at a 5% discount to peers. Several overhangs on Pinnacle West have moderated, while the regulatory risk is low over the next 1-2 years, said Byrd, who raised hid price target on the stock to $85 from $79.
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