Market Overview

UPDATE: D.A. Davidson Reiterates Neutral Rating, Lowers PT on Avista Corp.


In a report published Friday, D.A. Davidson & Co. reiterated its Neutral rating on Avista Corp. (NYSE: AVA), but slightly lowered its price target from $26.00 to $25.00.

D.A. Davidson noted, “Avista is executing a low-risk multi-year capital spending program to update its electric and gas utility infrastructure, which we expect will drive average earnings growth of 4%-5% per year through 2017...We value AVA shares at $25.00 (previously $26.00) over the next 12 months, which equates to 14.1x our 2013 EPS estimate. We expect the utility's relatively low-risk pipeline of capital projects to support earnings and dividend growth in line with peers over the next five years, but believe other firms in the industry present a more compelling opportunity at the current share price.”

Avista Corp. closed on Thursday at $23.81.

Latest Ratings for AVA

Jan 2020MaintainsUnderweight
Jan 2020MaintainsUnderperform
Jan 2020DowngradesNeutralSell

View More Analyst Ratings for AVA
View the Latest Analyst Ratings

Posted-In: D.A. Davidson & Co.Analyst Color Price Target Analyst Ratings


Related Articles (AVA)

View Comments and Join the Discussion!

Latest Ratings

RPAYCantor FitzgeraldMaintains18.0
CMSCredit SuisseDowngrades
PBCTStephens & Co.Maintains15.5
TTECCowen & Co.Initiates Coverage On50.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at