Morgan Stanley Maintains Overweight on American Electric Power, Lowers Price Target to $93
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd has maintained an 'Overweight' rating on American Electric Power (AEP), but lowered the price target from $97 to $93.
October 25, 2023 | 12:08 pm
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NEUTRAL IMPACT
Morgan Stanley has maintained an 'Overweight' rating on AEP, but lowered the price target from $97 to $93. This could potentially impact the stock's performance.
The 'Overweight' rating indicates that Morgan Stanley expects AEP to outperform the market. However, the lowering of the price target could indicate a reduced growth expectation, which might impact investor sentiment and the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100