Ameren price target raised to $112 from $108 at Wells Fargo

Wells Fargo analyst Neil Kalton raised the firm’s price target on Ameren (AEE) to $112 from $108 on higher peer multiples, while keeping an Overweight rating on the shares. The firm cites a positive Q1 update, with 500 MW of new data center interest and the April passage of SB 4 in MO.