Morgan Stanley lowered the firm’s price target on Ameren (AEE) to $100 from $102 and keeps an Equal Weight rating on the shares. The firm is updating its price targets for stocks in the Regulated & Diversified Utilities / IPPs North America sector, noting utilities underperformed the S&P in May, the analyst tells investors.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AEE:
- Trump Trade: U.S. President says China getting 10% tariffs in ‘done’ deal
- Trump set to scrap Biden-era power-plant pollution curbs, Bloomberg says
- Ameren price target raised to $114 from $113 at UBS
- Ameren’s Growth Prospects and Strategic Initiatives Justify Buy Rating
- Ameren price target lowered to $102 from $103 at Morgan Stanley