Barclays Downgrades American Electric Power to Equal-Weight, Lowers Price Target to $83
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Eric Beaumont downgraded American Electric Power (AEP) from Overweight to Equal-Weight and reduced the price target from $84 to $83.

February 28, 2024 | 11:08 am
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NEGATIVE IMPACT
Barclays downgraded American Electric Power from Overweight to Equal-Weight and lowered the price target from $84 to $83.
The downgrade from Overweight to Equal-Weight by a major financial institution like Barclays indicates a less optimistic outlook on AEP's stock performance in the short term. Additionally, the reduction in the price target, albeit slight, further suggests a tempered expectation for the stock's growth potential. These actions by Barclays could lead to a negative perception among investors, potentially causing a short-term decrease in AEP's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100