poisar

Stocks · News reference

Morgan Stanley Maintains Equal-Weight on Pinnacle West Capital, Lowers Price Target to $94

BenzingaBenzinga Newsdesk

Morgan Stanley analyst David Arcaro maintains Pinnacle West Capital (NYSE:PNW) with a Equal-Weight and lowers the price target from $97 to $94.

Reference Details

Connected Markets

Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.

Source
benzinga
Observed
Checked
Cadence
Captured once, then retained as an archive reference
Status
fresh

Keep reading

  1. Zacks Investment ResearchNa

    Will Rising Customer Demand Support PNW's Long-Term Earnings Growth?

    Pinnacle West Capital (PNW) is capitalizing on rising electricity demand in its service territory, with Q2 2026 customer growth of 2.1% and weather-normalized sales up 5.6%. The company plans $7.95B in infrastructure investments through 2028 and forecasts 5-7% long-term EPS growth, driven by data centers and industrial customers. Similar trends are benefiting other utilities like Alliant Energy and PPL Corporation, which are seeing significant demand from large commercial customers and data center pipelines.