Morgan Stanley Maintains Overweight Rating for American Electric Power: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Morgan Stanley has maintained its Overweight rating for American Electric Power (NASDAQ:AEP) and increased its price target from $95.00 to $97.00. AEP's shares are currently trading up 0.56% at $80.90 per share. A move to $97.00 would represent a 19.9% increase from the current share price.
September 21, 2023 | 5:00 pm
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Morgan Stanley's maintained Overweight rating and increased price target could potentially boost investor confidence in AEP.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. In this case, Morgan Stanley's decision to maintain an Overweight rating and raise the price target for AEP could potentially lead to increased investor interest and a rise in AEP's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100