UPDATE: Goldman Sachs Downgrades Ameren Corp. (AEE) to Neutral

June 15, 2021 4:26 PM EDT
Get Alerts AEE Hot Sheet
Price: $83.92 -0.42%

Rating Summary:
    11 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 11 | New: 8
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(Updated - June 16, 2021 4:12 AM EDT)

Goldman Sachs analyst Insoo Kim downgraded Ameren Corp. (NYSE: AEE) from Buy to Neutral, price target $90.00.

The analyst comments "We downgrade Missouri-based regulated utility Ameren Corp. (AEE) to Neutral from Buy, as we see the stock's outperformance YTD and current 12% relative P/E premium to regulated peers now fairly reflecting the company's best-in-class 7% EPS CAGR through 2024, but also some regulatory uncertainties in both its Missouri and Illinois utility jurisdictions. Our unchanged $90 price target reflects an 8% total return versus 9% for Regulated Utilities. Since adding AEE to the Buy list on 1/15/2020, AEE shares have increased 9.8% versus the XLU up 0.5% and S&P500 up 29.4%."

For an analyst ratings summary and ratings history on Ameren Corp. click here. For more ratings news on Ameren Corp. click here.

Shares of Ameren Corp. closed at $85.84 yesterday.

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