Idacorp price target raised to $127 from $119 at BofA

BofA analyst Ross Fowler raised the firm’s price target on Idacorp (IDA) to $127 from $119 and keeps a Buy rating on the shares after having recently hosted CFO Brian Buckham for a corporate access dinner post FY24 earnings and raising the firm’s FY26 electric group average P/E multiple. Given Idacorp’s “highly visible and executable nature and management’s conservativism,” the firm views the growth story as relatively de-risked, the analyst tells investors.