Evercore ISI analyst Nicholas Amicucci raised the firm’s price target on American Electric (AEP) to $137 from $133 and keeps an Outperform rating on the shares. The recent Q3 announcements highlight American Electric’s robust capital plans and increased earnings growth potential, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AEP:
- American Electric price target raised to $123 from $113 at Mizuho
- American Electric downgraded to Market Perform from Outperform at BMO Capital
- Balanced Outlook on American Electric Power: Hold Rating Amid Growth Prospects and Execution Risks
- American Electric Power’s Ambitious Growth and Earnings Outlook
- AEP’s Earnings Call Highlights Robust Growth and Strategic Investments