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Pinnacle West Capital Is Primed For Multiyear EPS Growth, Says Bullish Analyst

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Pinnacle West Capital Corporation (NYSE: PNW) shares were climbing in early trading on Monday.

The improving regulatory environment in Arizona could drive and improve the company’s earnings and growth outlook “through the end of the decade,” according to BofA Securities.

The Pinnacle West Capital Analyst: Julien Dumoulin-Smith upgraded the rating for Pinnacle West Capital from Neutral to Buy, while raising the price target from $71 to $80.

The Pinnacle West Capital Thesis: The Arizona Corporation Commission’s (ACC) moves and the proposed change in test …

Full story available on Benzinga.com

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