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Analysts Offer Insights on Utilities Companies: American Electric Power (AEP) and FirstEnergy (FE)

Analysts have been eager to weigh in on the Utilities sector with new ratings on American Electric Power (AEPResearch Report) and FirstEnergy (FEResearch Report).

American Electric Power (AEP)

BMO Capital analyst James Thalacker maintained a Buy rating on American Electric Power today and set a price target of $106.00. The company’s shares closed last Wednesday at $96.29.

According to TipRanks.com, Thalacker is a 4-star analyst with an average return of 8.7% and a 75.0% success rate. Thalacker covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Centerpoint Energy, and Eversource Energy.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for American Electric Power with a $107.00 average price target, representing a 12.8% upside. In a report issued on July 21, Morgan Stanley also maintained a Buy rating on the stock with a $111.00 price target.

See today’s best-performing stocks on TipRanks >>

FirstEnergy (FE)

In a report released today, Neil Kalton from Wells Fargo maintained a Hold rating on FirstEnergy, with a price target of $44.00. The company’s shares closed last Wednesday at $39.33.

According to TipRanks.com, Kalton is a 5-star analyst with an average return of 7.4% and a 66.4% success rate. Kalton covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and American Electric Power.

Currently, the analyst consensus on FirstEnergy is a Moderate Buy with an average price target of $45.59, implying a 16.5% upside from current levels. In a report issued on July 18, Barclays also maintained a Hold rating on the stock with a $41.00 price target.

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