Morgan Stanley Maintains Overweight on American Electric Power, Raises Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd has maintained an Overweight rating on American Electric Power (AEP) and increased the price target from $93 to $95.
November 21, 2023 | 1:36 pm
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POSITIVE IMPACT
Morgan Stanley reaffirmed an Overweight rating on AEP and raised the price target, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Morgan Stanley suggests a positive sentiment towards AEP's stock performance in the short term. This could lead to increased investor confidence and potential upward movement in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100