Jefferies Maintains a 'Hold' on American Electric Power (AEP); Ohio Goes 0 for 4

Jefferies maintains a 'Hold' on American Electric Power (NYSE: AEP), price target lowered from $39 to $37.

Jefferies analyst says, "The PUCO Staff filed its recommendations Friday morning -- sided with intervenors on the four major issues. The staff recommend that environmental spending by bypassable, capacity charges be calculated by market (not cost based); AEP's proposed POLR should be lowered considerably and believes the existing rate structure should be maintained."

For more ratings news on American Electric Power click here and for the rating history of American Electric Power click here.

Shares of American Electric Power closed at $36.24 yesterday.

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