Ameren Corp. (AEE) PT Lowered to $107 at RBC Capital

RBC Capital analyst Stephen D\'Ambrisi lowered the price target on Ameren Corp. (NYSE: AEE) to $107.00 (from $114.00) while maintaining a Sector Perform rating.

The analyst commented: "Previewing the 2026 IRP in the "Show Me" State; Utilizing AEE load forecasts disclosed in the West Alton CPCN docket, we attempt to preview the Company's long-awaited MO IRP. We see $4-5B of potential upside capital opportunity driven by a 1.5-2.0GW average capacity deficit in the 2030s. Illustrative high-level math points to a 12%+ RAB CAGR & ~9% EPS CAGR, and we raise our 2030 estimate by 3% to reflect higher capex. That said, our new 2030 EPS estimate is only ~2% above Street consensus & we wonder if expectations are higher. We reiterate our Sector Perform and lower our PT to $107 on lower peer group multiples."

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