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

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

Morgan Stanley analyst David Arcaro maintained a Hold rating on Pinnacle West Capital today and set a price target of $96.00.

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According to TipRanks, Arcaro is a 5-star analyst with an average return of 14.0% and a 65.20% success rate. Arcaro covers the Utilities sector, focusing on stocks such as Vistra Corp, Pinnacle West Capital, and PG&E.

Pinnacle West Capital has an analyst consensus of Hold, with a price target consensus of $95.00.

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Based on Pinnacle West Capital’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.82 billion and a net profit of $413.21 million. In comparison, last year the company earned a revenue of $1.77 billion and had a net profit of $394.97 million

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