Morgan Stanley Maintains Overweight on American Electric Power, Lowers Price Target to $100
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 $104 to $100.
June 23, 2023 | 1:11 pm
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Morgan Stanley maintains an Overweight rating on American Electric Power (AEP) and lowers the price target from $104 to $100.
The news of Morgan Stanley maintaining an Overweight rating on AEP indicates a positive outlook for the company. However, the lowering of the price target from $104 to $100 may create some uncertainty among investors, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100