KeyBanc Reiterates Sector Weight Rating on Avista (AVA)

KeyBanc analyst Sophie Karp reiterated a Sector Weight on Avista (NYSE: AVA).

The analyst commented, "We hosted an NDR with AVA's management team earlier this week. Investor discussions focused on: 1) wildfire mitigation practices; 2) the WA regulatory construct; and 3) potential growth opportunities from data centers. In our view, the WA GRC remains the main catalyst, and a constructive outcome would improve AVA's earnings profile and position it on a trajectory to deliver its 4-6% LT EPS growth rate. With the rates case still in the early phases, and our view that wildfire risks will continue to pressure shares until further support on a regional/federal level, we are maintaining our Sector Weight rating."

For an analyst ratings summary and ratings history on Avista click here. For more ratings news on Avista click here.

Shares of Avista closed at $34.60 yesterday.

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