Wells Fargo Upgrades Pinnacle West Capital (PNW) to Outperform

Wells Fargo upgraded Pinnacle West Capital (NYSE: PNW) from Market Perform to Outperform with a price target of $62-$64 (from $58-60). Analyst Sarah Akers thinks concerns over rooftop solar adoption are overblown, and he thinks the company will hit its financial targets.

For an analyst ratings summary and ratings history on Pinnacle West Capital click here. For more ratings news on Pinnacle West Capital click here.

Shares of Pinnacle West Capital closed at $56.80 yesterday.

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