Jefferies Initiates Coverage On American Electric Power with Hold Rating, Announces Price Target of $107
Portfolio Pulse from Benzinga Newsdesk
Jefferies has initiated coverage on American Electric Power (AEP) with a Hold rating and set a price target of $107.
September 19, 2024 | 11:11 pm
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NEUTRAL IMPACT
Jefferies has initiated coverage on American Electric Power with a Hold rating and a price target of $107, indicating a neutral stance on the stock.
The Hold rating suggests that Jefferies does not expect significant short-term movement in AEP's stock price. The price target of $107 provides a benchmark for investors, indicating that the stock is fairly valued at current levels.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100