Ladenburg Thalmann Downgrades American Electric Power to Sell, Lowers Price Target to $73
Portfolio Pulse from Benzinga Newsdesk
Ladenburg Thalmann analyst Paul Fremont downgraded American Electric Power (AEP) from Neutral to Sell and reduced the price target from $75.5 to $73, indicating a bearish outlook on the stock.
March 08, 2024 | 2:07 pm
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American Electric Power was downgraded from Neutral to Sell by Ladenburg Thalmann, with a price target reduction from $75.5 to $73.
The downgrade from Neutral to Sell suggests a negative outlook on AEP's stock by the analyst, which could lead to a decrease in investor confidence and potentially lower stock prices in the short term. The reduction in the price target further emphasizes the analyst's bearish stance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100