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BMO Capital Sticks to Their Hold Rating for Pinnacle West Capital (PNW)

Tipranks - Tipranks - Thu Apr 23, 6:50AM CDT

BMO Capital analyst James Thalacker maintained a Hold rating on Pinnacle West Capital today and set a price target of $106.00.

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According to TipRanks, Thalacker is a 5-star analyst with an average return of 14.5% and a 71.87% success rate. Thalacker covers the Utilities sector, focusing on stocks such as CMS Energy, PPL, and Duke Energy.

In addition to BMO Capital, Pinnacle West Capital also received a Hold from Morgan Stanley’s David Arcaro in a report issued yesterday. However, on April 13, Argus Research maintained a Buy rating on Pinnacle West Capital (NYSE: PNW).

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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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