Analysts Are Neutral on Top Utilities Picks


Analysts fell to the sidelines weighing in on Pinnacle West Capital Corp (NYSE: PNW) and Brookfield Renewable Partners L.P. (NYSE: BEP) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Pinnacle West Capital Corp (NYSE: PNW)

In a report released today, Stephen Byrd from Morgan Stanley maintained a Hold rating on Pinnacle West Capital Corp (NYSE: PNW), with a price target of $78. The company’s shares closed yesterday at $74.58, close to its 52-week low of $73.41.

According to TipRanks.com, Byrd is a 1-star analyst with an average return of -1.1% and a 49.4% success rate. Byrd covers the Utilities sector, focusing on stocks such as American Electric Power, Eversource Energy, and Ameren Corp.

Pinnacle West Capital Corp has an analyst consensus of Hold, with a price target consensus of $84.33.

See today’s analyst top recommended stocks >>

Brookfield Renewable Partners L.P. (NYSE: BEP)

In a report released today, Benjamin Pham from BMO Capital maintained a Hold rating on Brookfield Renewable Partners L.P. (NYSE: BEP), with a price target of $33.50. The company’s shares closed yesterday at $30.36, close to its 52-week low of $29.74.

Pham has an average return of 12.5% when recommending Brookfield Renewable Partners L.P..

According to TipRanks.com, Pham is ranked #670 out of 4829 analysts.

Brookfield Renewable Partners L.P. has an analyst consensus of Hold, with a price target consensus of $33.50.

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