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Argus Upgrades Ameren Corp. (AEE) to Buy

April 27, 2015 7:38 AM EDT
Get Alerts AEE Hot Sheet
Price: $73.96 +1.11%

Rating Summary:
    7 Buy, 11 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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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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