Pinnacle West Capital Corporation (PNW) had a strong performance in the market with its stock outperforming competitors. Despite daily losses, it reached a 52-week high. This strong performance is attracted a slew of fresh investments with
Quest Partners, Empower Advisory Group, and ING Group, among others, taking positions in the firm. Meanwhile,
Morgan Stanley set a price target of $81.00 and
Jefferies has initiated coverage with a Buy recommendation. Barclays downgraded PNW's rating while Q3 2024 forecast reveals an EPS of $3.37. Despite this, principal concerns are the corporation's third-quarter earnings and sales beat estimates, surpassing analysts' anticipations. Notably,
PNW's EVP and COO also sold shares worth over $860,000. The company recently increased its quarterly dividend and despite predictions of lower Q3 results, it managed to beat expectations.
Pinnacle West Capital Corporation PNW News Analytics from Mon, 27 Nov 2023 08:00:00 GMT to Sat, 23 Nov 2024 18:05:27 GMT -
Rating 7
- Innovation -2
- Information 8
- Rumor -2
