Scotiabank Maintains Sector Outperform on American Electric Power, Lowers Price Target to $86
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Andrew Weisel maintains a Sector Outperform rating on American Electric Power (AEP) but lowers the price target from $92 to $86.

April 22, 2024 | 5:39 pm
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Scotiabank maintains a Sector Outperform rating on American Electric Power but lowers the price target from $92 to $86.
While the maintenance of a Sector Outperform rating by Scotiabank indicates a positive outlook on AEP, the reduction in the price target from $92 to $86 could signal a tempered expectation for the stock's short-term growth potential. This adjustment reflects a nuanced view on AEP's future performance, suggesting that while the company is still favored, its projected valuation has been slightly moderated.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100