<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>

品尼高西方資本

<p>CFRA 對品尼高西方資本公司的股票維持持有評級，將 12 個月目標價下調至 103 美元。他們將 2026 年的每股收益預期上調至 4.73 美元，但將 2027 年的每股收益預期下調至 5.58 美元。儘管利息成本上升和股份稀釋，但預計強勁的輸電投資回報和零售電力銷售增長將會出現。公司預計從 2025 年到 2028 年年均股息增長為 3.4%，2026 年的派息比率為 78.5%，高於同行，但預計會隨着時間的推移而逐漸減緩</p>

研究警報：CFRA 維持對 Pinnacle West Capital Corporation 股票的持有評級