Morgan Stanley lowered the firm’s price target on American Electric (AEP) to $113 from $114 and keeps an Overweight rating on the shares. The firm is updating its price targets for stocks in the Regulated & Diversified Utilities / IPP North America sector under its coverage, the analyst tells investors. Utilities continue to see strong interest from both data centers and large load customers, the firm notes. Additionally, management teams believe any changes to the IRA are manageable, with many companies with safe harboring in place, the firm adds.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AEP:
- Soros buys JPMorgan, exits Alibaba in Q1
- American Electric price target raised to $115 from $109 at Guggenheim
- American Electric price target raised to $109 from $102 at Citi
- Strong Financial Performance and Positive Outlook Support Buy Rating for American Electric Power
- American Electric Power Reports Strong Q1 2025 Earnings
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue