CFRA Maintains Buy on American Electric Power, Lowers Price Target to $94
Portfolio Pulse from Benzinga Newsdesk
CFRA analyst Daniel Rich maintains a 'Buy' rating on American Electric Power (NASDAQ:AEP) but lowers the price target from $99 to $94.
September 18, 2023 | 5:49 pm
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Despite a lowered price target, American Electric Power maintains a 'Buy' rating from CFRA analyst Daniel Rich.
The news directly pertains to American Electric Power (AEP). Despite the lowered price target, the 'Buy' rating is maintained which indicates a positive outlook for the company. However, the reduced price target might cause some investors to reassess their positions, potentially leading to short-term price volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100