Raymond James initiated coverage of American Electric (AEP) with an Outperform rating and $115 price target American Electric stands out as one of the largest electric utilities in the U.S., and the firm likes American Electric’s potential to catch an upswing fueled by improved regulator relationships under new leadership, with test cases lingering in West Virginia and Arkansas, the analyst tells investors in a research note. Its $54B capital plan supports a 6%-8% earnings growth target through 2029 driven by a 20 GW data center load pipeline by 2030, the firm says.
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