Ameren initiated with a Sector Perform at RBC Capital

RBC Capital analyst Stephen D’Ambrisi initiated coverage of Ameren (AEE) with a Sector Perform rating and $119 price target While the firm has a favorable view of the company’s growth and regulatory profile, it believes these attributes are fairly reflected at a roughly 2% premium to large cap regulated electric peers on the firm’s 2028 estimates. RBC added that it sees limited potential in the near-term for upward estimate revisions, and in-line estimates include full credit for 1GW data center peak load growth.