Morgan Stanley Maintains Overweight on American Electric Power, Lowers Price Target to $104
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst David Arcaro maintains an Overweight rating on American Electric Power (NASDAQ:AEP) but lowers the price target from $107 to $104.
May 22, 2023 | 11:58 am
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NEUTRAL IMPACT
Morgan Stanley maintains an Overweight rating on American Electric Power (NASDAQ:AEP) and lowers the price target from $107 to $104.
Morgan Stanley's lowered price target on AEP may have a neutral short-term impact on the stock price. While the Overweight rating indicates a positive outlook, the reduced price target may cause some investors to reevaluate their positions. However, the overall sentiment remains positive, which is why the score is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100