JPMorgan Upgrades American Electric Power (AEP) to Overweight

March 12, 2019 3:08 AM EDT
Get Alerts AEP Hot Sheet
Price: $84.10 -2.19%

Rating Summary:
    17 Buy, 6 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 15 | New: 24
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JPMorgan analyst Christopher Turnure upgraded American Electric Power (NYSE: AEP) from Neutral to Overweight with a price target of $88.00 (from $78.00).

  • Favors the renewables visibility.
  • Believes shares are at an inflection point.
  • Sees growth accelerating, improved visibility and a more fully utilized balance sheet.

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 $82.60 yesterday.

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