American Electric price target lowered to $104 from $111 at BMO Capital

BMO Capital lowered the firm’s price target on American Electric (AEP) to $104 from $111 and keeps an Outperform rating on the shares. The company’s strong quarterly results were overshadowed by a weak 2025 guidance and a long-term guidance rebase, though this also masked several positive updates, the analyst tells investors in a research note. Given its improving credit profile, manageable equity needs, and improving regulated ROE profile, American Electric is one of the more attractive relative value opportunities in its coverage universe, BMO added.