BTIG initiated coverage of American Electric (AEP) with a Neutral rating and no price target The firm views utilities as a “demand growth story today” due to data centers and re-Industrialization in the U.S. as reshoring incentives and tariffs take hold. Despite being close to decade-plus stock highs, company valuations “look reasonable,” the analyst tells investors in a research note. BTIG sees valuations being supported by elevated growth and potential interest rate cuts. Its bullish view on the sector’s growth leads to more Buy ratings.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AEP:
- American Electric price target raised to $128 from $116 at Jefferies
- American Electric subsidiary closes on $1.6B DoE loan guarantee
- American Electric Power: Strategic Investments and Growth Trajectory Drive Buy Rating
- American Electric price target raised to $127 from $121 at BMO Capital
- TD launches utilities sector with Vistra, PG&E top picks