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Fly News Breaks for February 24, 2020
PNW
Feb 24, 2020 | 07:32 EDT
Credit Suisse analyst Michael Weinstein raised his price target for Pinnacle West to $106 from $97 as capex and ratebase guidance rolled forward with a major jump in renewable buildout. The analyst continues to see the draft plan adding as much as $9-$10/share of incremental value to valuation based on 50% ratebasing of generation capex, for which he applies a 50% probability to in his price target. Weinstein has an Outperform rating on the shares.
News For PNW From the Last 2 Days
