B of A Securities Downgrades American Electric Power to Underperform, Raises Price Target to $97
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded American Electric Power (AEP) from Neutral to Underperform while raising the price target from $96 to $97.
August 06, 2024 | 10:18 am
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B of A Securities downgraded American Electric Power (AEP) from Neutral to Underperform, but raised the price target from $96 to $97.
The downgrade to Underperform suggests a negative outlook on AEP's stock performance, which is likely to put downward pressure on the stock price in the short term. However, the raised price target to $97 indicates some positive aspects, but the overall impact is expected to be negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100