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IdaCorp (IDA) Receives a Buy from Barclays

Tipranks - Tipranks - Wed Feb 25, 3:00AM CST

Barclays analyst Michael Lonegan maintained a Buy rating on IdaCorp today and set a price target of $149.00.

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According to TipRanks, Lonegan is a 4-star analyst with an average return of 8.3% and a 68.63% success rate. Lonegan covers the Utilities sector, focusing on stocks such as IdaCorp, Hawaiian Electric, and American Electric Power.

In addition to Barclays, IdaCorp also received a Buy from BTIG’s Alex Kania in a report issued yesterday. However, on February 20, TipRanks – Anthropic reiterated a Hold rating on IdaCorp (NYSE: IDA).

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Based on IdaCorp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $405.24 million and a net profit of $43.61 million. In comparison, last year the company earned a revenue of $398.13 million and had a net profit of $37.88 million

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