Argus Upgrades Ameren Corp. (AEE) to Buy
Get Alerts AEE Hot Sheet
Rating Summary:
7 Buy, 10 Hold, 1 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 10 | Down: 8 | New: 8
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Argus upgraded Ameren Corp. (NYSE: AEE) from Hold to Buy with a price target of $49.00.
The upgrade reflects an increase in 2015 and 2016 EPS estimates as well as the 8% year-to-date decline in the stock price. "We believe that Ameren’s fundamentals remain strong and that the pullback provides a favorable entry point," the analyst said.
The firm is raising 2015 EPS estimate to $2.65 from $2.60 and 2016 estimate to $2.75 from $2.70.
For an analyst ratings summary and ratings history on Ameren Corp. click here. For more ratings news on Ameren Corp. click here.
Shares of Ameren Corp. closed at $42.32 yesterday.
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