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Fly News Breaks for May 4, 2018
PNW
May 4, 2018 | 06:38 EDT
As previously reported, BofA/Merrill upgraded Pinnacle West to Neutral from Underweight and raised its price target to $86 from $84. Analyst Julien Dumoulin-Smith said Pinnacle's valuation is more attractive and undervalues the relatively constructive regulatory environment, but is limited by rate base expansion options.
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