Morgan Stanley Maintains Overweight on American Electric Power, Raises Price Target to $98
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained its Overweight rating on American Electric Power (NASDAQ:AEP) and raised the price target from $91 to $98.
May 28, 2024 | 5:47 pm
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Morgan Stanley has maintained its Overweight rating on American Electric Power (NASDAQ:AEP) and raised the price target from $91 to $98.
The increase in the price target from $91 to $98 by Morgan Stanley, along with the maintained Overweight rating, suggests a positive outlook for AEP. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
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