BTIG analyst Alex Kania initiated coverage of Ameren (AEE) with a Buy rating and $131 price target The firm believes the company is early in its “growth evolution.” Ameren is a premium electric utility given its position in Missouri, improving regulatory environment, upside to large load growth, and “potentially overlooked” transmission opportunities, the analyst tells investors in a research note. BTIG believes the company is well positioned for 6%-8% annual earnings growth into the next decade.
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