BUZZ-Jefferies cuts Idacorp's PT on wildfire risk
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Jefferies has reduced Idacorp's price target from $155 to $152, citing a 3% wildfire risk in Idaho. Despite this, the firm maintains a "buy" rating, noting a 16.1% upside. The adjustment reflects a lower sector valuation and changes in EPS estimates due to operational pressures and rate case settlements. Shares have risen 20.6% YTD, with a median PT of $138.5 from brokerages.
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