Mizuho lowered the firm’s price target on American Electric Power to $100 from $101 and keeps a Buy rating on the shares. AEP and Liberty Utilities mutually agreed to terminate the transaction that would sell AEP’s Kentucky operations to Liberty, the analyst tells investors in a research note. Consistent with management guidance, the firm does not see AEP increasing its equity needs as a result of the termination.
Published first on TheFly
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- American Electric price target raised to $100 from $99 at Citi
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