Wells Fargo raised the firm’s price target on American Electric (AEP) to $141 from $140 and keeps an Overweight rating on the shares. The firm believes CAGR could ultimately prove conservative. With the strong growth backdrop, American Electric doubled its incremental committed large load outlook from 28GWs to 56GWs since its update in November – while seeing strong growth in ERCOT.
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Read More on AEP:
- American Electric price target raised to $130 from $123 at Mizuho
- American Electric upgraded to Outperform from Peer Perform at Wolfe Research
- Trade Policy Shifts and Geopolitical Risks Threaten AEP’s Costs, Cash Flows and Financial Health
- American Electric reports Q4 adjusted EPS $1.19, consensus $1.14
- American Electric backs FY26 operating EPS view $6.15-$6.45, consensus $6.32