Wells Fargo Maintains Equal-Weight on American Electric Power, Raises Price Target to $104
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Neil Kalton has maintained an Equal-Weight rating on American Electric Power (NASDAQ:AEP) and raised the price target from $98 to $104.
October 16, 2024 | 3:31 pm
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Wells Fargo has maintained its Equal-Weight rating on American Electric Power and increased the price target from $98 to $104, indicating a positive outlook.
The increase in price target from $98 to $104 by Wells Fargo suggests a positive outlook for AEP, which could lead to a short-term increase in stock price. The maintained Equal-Weight rating indicates a balanced view, but the raised target price is a positive signal.
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IMPORTANCE 80
RELEVANCE 100