Seaport Research upgraded American Electric (AEP) to Buy from Neutral with a $145 price target The firm likes the company’s load growth, especially given the stock’s “moderate” 3% price-to-earrings premium to an average electric utility on its updated 2028 estimates. American Electric’s rural service territories, historically held against the stock, now offer a strong competitive advantage for data centers, the analyst tells investors in a research note. The firm sees upside to 2027 earnings estimates on higher transmission spending given accelerating load growth in the company’s service territories.
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