Morgan Stanley raised the firm’s price target on American Electric (AEP) to $133 from $125 and keeps an Overweight rating on the shares. The firm is updating its price targets for Regulated & Diversified Utilities / IPPs stocks in North America under its coverage for January, the analyst tells investors. Morgan Stanley notes utilities underperformed the S&P’s return this month. Previewing Q4 earnings, the firm expects some balance in the discussion of data center pipelines given increased affordability and political concerns.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
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 $141 from $137 at TD Cowen
- AEP: Expanding Contracted Load and Conservative $72B Capital Plan Support 7%–9% EPS Growth and Potential Premium Valuation
- American Electric price target raised to $150 from $137 at Jefferies
- American Electric Power Announces Planned Board Member Departure
- American Electric price target raised to $136 from $125 at BMO Capital