Morgan Stanley lowered the firm’s price target on American Electric to $94 from $95 and keeps an Overweight rating on the shares as part of the firm’s December edition of its “Monthly Meter Reading” note on Regulated & Diversified Utilities. Electric multiples were up less than 1% and multiples for gas utilities were down 3% since the firm last refreshed its price targets, the analyst noted.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on AEP:
- American Electric price target raised to $84 from $82 at Barclays
- AEP DECLARES QUARTERLY DIVIDEND ON COMMON STOCK
- American Electric downgraded on ‘challenging’ rate decision at Mizuho
- American Electric downgraded to Neutral from Buy at Mizuho
- American Electric reaffirming 2024 operating earnings guidance