Jefferies Downgrades Idacorp to Buy Rating, Cuts Price Target to $150

Jefferies analyst Julien Dumoulin-Smith maintains a "Buy" rating for Idacorp (IDA) with a revised price target of $150.00, down 1.32% from the previous target of $152.00. Idacorp is an electric utility engaged in generation, transmission, distribution, sale, and purchase of electric energy and capacity. Analysts forecast an average one-year target price of $140.56, with a high estimate of $157.00 and a low estimate of $118.00. The average target implies an upside of 6.08% from the current price of $132.51.