Jefferies Maintains a 'Hold' on American Electric Power (AEP); Perennial Uncertainty Clouds Outlook

Jefferies maintains a 'Hold' on American Electric Power (NYSE: AEP) price target lowered $1 to $39.

Analyst, Paul B. Fremont, said, "The PUCO disapproved AEP-Ohio’s electric security plan (ESP) and has ordered AEP-Ohio to return its rates to levels similar to those in place in December 2011. While management was making great strides to clear up the uncertainty surrounding Ohio Jefferies believes this decision will cause the regulatory uncertainty to continue until a new ESP is approved which could take upwards of six months."

For an analyst ratings summary and ratings history on American Electric Power click here. For more ratings news on American Electric Power click here.

Shares of American Electric Power closed at $37.91 yesterday.

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