BMO Capital raised the firm’s price target on American Electric (AEP) to $121 from $118 and keeps an Outperform rating on the shares. The company delivered a solid quarterly beat and signaled it expects to finish in the upper half of the guidance 2025 EPS range of $5.75-$5.95, the analyst tells investors in a research note. The capital increase came sooner than expected, but investors remain focused on the ultimate funding mixture, the firm added.
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Read More on AEP:
- American Electric price target raised to $116 from $109 at Mizuho
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- American Electric backs FY25 operating EPS view $5.75-$5.95, consensus $5.86
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