UBS Maintains a 'Neutral' on Ameren Corp. (AEE); Fixing Illinois

UBS maintains a 'Neutral' on Ameren Corp. (NYSE: AEE) price target raised from $28 to $31.

UBS analyst says, "We are modestly raising our regulated EPS projections to reflect lower O&M at IL and MO YTD as well as in ‘12+ to reflect implementation of the formulaic rates under the new HB1652 bill in Illinois. We assume earned ROEs of ~9% in ‘13+ at AEE-IL, with a mid-8% ROE in ’12 to reflect partial year implementation of the mechanism and forgoing an elec. rate increase earlier in ‘12. AEE has committed to invest $625 Mn over 10 yrs. above baseline capex."

For more ratings news on Ameren Corp. click here and for the rating history of Ameren Corp. click here.

Shares of Ameren Corp. closed at $32.29 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Ameren Corp. (AEE) PT Lowered to $114 at Morgan Stanley
• Cummins (CMI) PT Lowered to $675 at Jefferies
• Rockwell Automation (ROK) PT Lowered to $490 at DA Davidson