Mizuho Maintains Buy on American Electric Power, Lowers Price Target to $87
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Anthony Crowdell has maintained a Buy rating on American Electric Power (AEP) but has reduced the price target from $93 to $87.

November 28, 2023 | 5:08 pm
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NEUTRAL IMPACT
Mizuho has maintained a Buy rating on American Electric Power but lowered the price target from $93 to $87, indicating a positive outlook with a reduced growth expectation.
The maintenance of a Buy rating suggests that Mizuho's outlook on AEP remains positive, indicating confidence in the company's fundamentals or growth prospects. However, the reduction in the price target could reflect a reassessment of the growth expectations or potential headwinds that might limit the stock's upside. This mixed signal is likely to have a neutral short-term impact on AEP's stock price as the positive sentiment of the Buy rating is counterbalanced by the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100