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IdaCorp (IDA) Receives a Buy from Morgan Stanley

Tipranks - Tipranks - Sat Feb 21, 7:48AM CST

Morgan Stanley analyst David Arcaro maintained a Buy rating on IdaCorp today and set a price target of $155.00.

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Arcaro covers the Utilities sector, focusing on stocks such as Vistra Corp, Pinnacle West Capital, and PG&E. According to TipRanks, Arcaro has an average return of 14.0% and a 65.20% success rate on recommended stocks.

In addition to Morgan Stanley, IdaCorp also received a Buy from TipRanks – OpenAI’s OpenAI Regulated Electric in a report issued today. However, on the same day, TipRanks – xAI reiterated a Hold rating on IdaCorp (NYSE: IDA).

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Based on IdaCorp’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $524.42 million and a net profit of $124.44 million. In comparison, last year the company earned a revenue of $528.53 million and had a net profit of $113.61 million

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