Wells Fargo Maintains Equal-Weight on American Electric Power, Raises Price Target to $89
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Neil Kalton has maintained an Equal-Weight rating on American Electric Power (AEP) and increased the price target from $84 to $89.
May 01, 2024 | 5:58 pm
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Wells Fargo has maintained an Equal-Weight rating on American Electric Power and raised the price target from $84 to $89.
The increase in price target by Wells Fargo suggests a positive outlook on AEP's stock, potentially leading to a short-term increase in its stock price. The Equal-Weight rating indicates that the stock is expected to perform in line with the market or sector average, but the raised target price signals analyst confidence in the company's potential to reach higher valuation levels.
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IMPORTANCE 80
RELEVANCE 100