Ameren price target raised to $108 from $103 at Morgan Stanley

Morgan Stanley analyst David Arcaro raised the firm’s price target on Ameren (AEE) to $108 from $103 and keeps an Equal Weight rating on the shares. The firm is updating its Regulated & Diversified Utilities / IPPs in North America under its coverage, noting utilities underperformed the S&P’s return in December, the analyst tells investors.