BMO Capital Maintains Outperform on American Electric Power, Raises Price Target to $99
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst James Thalacker maintains an Outperform rating on American Electric Power (AEP) and raises the price target from $95 to $99.
May 14, 2024 | 3:26 pm
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BMO Capital's analyst upgrade of the price target for American Electric Power from $95 to $99 while maintaining an Outperform rating suggests a positive outlook on the stock's performance.
Analyst ratings and price target adjustments are significant indicators for investors, often leading to short-term price movements. The increase in price target by BMO Capital reflects a bullish outlook on AEP, likely influencing investor sentiment positively and potentially leading to an uptick in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100