Core Viewpoint - Pinnacle West Capital Corporation is experiencing a modest upward trend in analyst price targets, indicating increased confidence in its stock performance despite some concerns regarding earnings potential [2][3][6]. Group 1: Company Overview - Pinnacle West Capital Corporation operates primarily in Arizona through its subsidiary, Arizona Public Service Company, providing electricity generation, transmission, and distribution [1]. - The company serves approximately 1.3 million customers and utilizes a diverse energy mix, including coal, nuclear, gas, oil, and solar [1]. Group 2: Price Target and Analyst Ratings - The average price target for Pinnacle West's stock has increased from $93.33 last quarter to $96 last month, showing a positive trend [2]. - A year ago, the price target was $94.89, indicating a gradual increase in analyst confidence over time [2]. - Credit Suisse has set a lower price target of $73, reflecting concerns about the company's ability to meet earnings expectations [3][6]. - Pinnacle West has received a Zacks Rank 2 (Buy) upgrade, suggesting optimism about its earnings potential [4][6]. Group 3: Market Insights - Changes in consensus price targets and analyst ratings provide valuable insights into market perceptions of Pinnacle West's future prospects [5]. - Recent company news and earnings reports are crucial for understanding the factors influencing these targets and expectations [5].