Morgan Stanley raised the firm’s price target on American Electric (AEP) to $125 from $120 and keeps an Overweight rating on the shares. The firm is updating its Regulated & Diversified Utilities / IPPs in North America under its coverage, noting utilities underperformed the S&P’s return in December, the analyst tells investors.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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 $140 from $139 at Wells Fargo
- American Electric downgraded to Neutral from Buy at BofA
- Analysts Turn Bullish as Bloom Energy’s (BE) $2.65B AEP Deal Signals Surging Demand
- Morning News Wrap-Up: Thursday’s Biggest Stock Market Stories!
- ‘Time to Pull the Trigger,’ Says Christopher Ellinghaus About AEP Stock