<div id="readability-page-1"><p>01:10 PM EDT, 05/07/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:</p><p>We lower our 12-month target by $2 to $103, 18.5x our 2027 EPS view, slightly above peers as we see highly supportive economic trends in PNW's service territory. We lift our 2026 EPS view by $0.04 to $4.73 and lower 2027 EPS by $0.25 to $5.58. For the full year, higher interest costs and share dilution are expected to be offset by continued strength in transmission investment returns, retail electricity sales growth, and disciplined expense management. Along with strong population and job growth, we think growing demand from data centers and semiconductor manufacturing present strong long-term growth opportunities for the company. From 2025 to 2028, we anticipate dividend growth will be 3.4% on a compounded annual basis, well below our expectations for peers. We expect a dividend payout ratio near 78.5% in 2026, well above peer levels. However, we anticipate that the payout ratio will moderate somewhat as EPS growth outpaces dividend growth over time.</p> <p>MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</p></div>

品尼高西方资本

<p>CFRA 对品尼高西方资本公司的股票维持持有评级，将 12 个月目标价下调至 103 美元。他们将 2026 年的每股收益预期上调至 4.73 美元，但将 2027 年的每股收益预期下调至 5.58 美元。尽管利息成本上升和股份稀释，但预计强劲的输电投资回报和零售电力销售增长将会出现。公司预计从 2025 年到 2028 年年均股息增长为 3.4%，2026 年的派息比率为 78.5%，高于同行，但预计会随着时间的推移而逐渐减缓</p>

研究警报：CFRA 维持对 Pinnacle West Capital Corporation 股票的持有评级