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Argus Research Sticks to Their Buy Rating for Pinnacle West Capital (PNW)
In a report released yesterday, Gary Hovis from Argus Research maintained a Buy rating on Pinnacle West Capital, with a price target of $106.00. The company’s shares closed yesterday at $102.63.
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According to TipRanks, Hovis is a 4-star analyst with an average return of 9.2% and a 75.00% success rate.
Pinnacle West Capital has an analyst consensus of Hold, with a price target consensus of $102.78.
Based on Pinnacle West Capital’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.13 billion and a net profit of $15.4 million. In comparison, last year the company earned a revenue of $1.1 billion and had a GAAP net loss of $6.83 million
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- Pinnacle West price target raised to $101 from $97 at Barclays
- Pinnacle West price target raised to $99 from $96 at Morgan Stanley
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- Pinnacle West price target raised to $97 from $90 at Barclays
- Pinnacle West price target raised to $107 from $98 at BMO Capital
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