Wolfe Research Upgrades American Electric Power (AEP) to Outperform

Wolfe Research analyst Steven Fleishman upgraded American Electric Power (NASDAQ: AEP) from Peerperform to Outperform with a price target of $142.00.

The analyst commented: "AEP is executing well under new mgmt and keeps adding potential upsides to the growth outlook: $5-8B capex and a rising large load growth potential. Stock was up 3% but is still trading well below high-growth peers. We see room for both P/ E expansion and EPS upside"

For an analyst ratings summary and ratings history on American Electric Power click here. For more ratings news on American Electric Power click here.

Shares of American Electric Power closed at $126.43 yesterday.

You May Also Be Interested In

• Chemours reaches $450M settlement over PFAS pollution at four sites
• B.Riley Starts Suncrete Inc (RMIX) at Buy
• NVIDIA (NVDA) spreader of 10K contracts of July and October 220 calls