Bank of America Securities analyst Ross Fowler maintained a Hold rating on Ameren (AEE – Research Report) today and set a price target of $99.00.
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Ross Fowler has given his Hold rating due to a combination of factors that reflect both stability and potential growth for Ameren. The company’s recent financial performance was in line with expectations, with Q4 and FY’24 operating earnings meeting both consensus and BofA estimates. This consistency demonstrates Ameren’s ability to deliver steady results, placing its full-year earnings in the upper half of its guidance range. Additionally, Ameren reaffirmed its EPS guidance for 2025, projecting growth targets that suggest moderate yet stable expansion through 2029.
While Ameren’s growth plans are promising, including significant capital spending and sales growth forecasts, the rating of Hold also considers the current market valuation and regulatory environment. The company’s updated capital spending plan and the expansion of its data center load and transmission projects indicate a forward-looking strategy that could drive future growth. However, the stock’s current price close to the price objective and the legislative developments in Missouri suggest a balanced risk-reward scenario, warranting a neutral stance at this time.