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IdaCorp (IDA) Receives a Buy from Morgan Stanley

Tipranks - Tipranks - Tue Feb 3, 8:00AM CST

In a report released today, David Arcaro from Morgan Stanley maintained a Buy rating on IdaCorp, with a price target of $145.00.

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According to TipRanks, Arcaro is a 5-star analyst with an average return of 13.1% and a 61.80% success rate. Arcaro covers the Utilities sector, focusing on stocks such as Vistra Corp, American Electric Power, and DTE Energy.

In addition to Morgan Stanley, IdaCorp also received a Buy from BTIG’s Alex Kania in a report issued on January 30. However, on January 20, Wells Fargo downgraded IdaCorp (NYSE: IDA) to a Sell.

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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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