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Pinnacle West price target raised to $82 from $70 at Wells Fargo

Wells Fargo analyst Sarah Akers raised the firm’s price target on Pinnacle West to $82 from $70 to reflect higher peer group multiples since her last update, while keeping an Equal Weight rating on the shares. Her outlook for the sector is not as bullish heading into 2023, nor is she outright bearish.

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Published first on TheFly

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