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The Buy initiation and implied upside provide a modest bullish view, tempered by the fact that this is a single analyst opinion.
What happened, with direct paths to the underlying reporting
HSBC initiated coverage of Pinnacle West with a Buy rating and a $119.50 target, about 15% above the posted price of $103.89. Analyst targets are opinions and may not be realized.
Target: $119.5
Posted price: $103.89
Analyst firm: HSBC
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StockNews.AI groups source reporting, classifies the event, and measures subsequent price movement. This is informational research, not investment advice. Prices may be delayed or unavailable.