Mizuho raised the firm’s price target on American Electric (AEP) to $123 from $113 and keeps a Neutral rating on the shares following the Q3 report. The firm cites current market multiples for the target increase.
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Read More on AEP:
- American Electric downgraded to Market Perform from Outperform at BMO Capital
- Balanced Outlook on American Electric Power: Hold Rating Amid Growth Prospects and Execution Risks
- American Electric Power’s Ambitious Growth and Earnings Outlook
- AEP’s Earnings Call Highlights Robust Growth and Strategic Investments
- American Electric reports Q3 operating EPS $1.80, consensus $1.81