American Electric Power (AEP) Receives a Buy from Morgan Stanley


Morgan Stanley analyst Stephen Byrd maintained a Buy rating on American Electric Power (NYSE: AEP) today and set a price target of $78. The company’s shares closed yesterday at $71.08.

According to TipRanks.com, Byrd is a 3-star analyst with an average return of 1.9% and a 59.8% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Nextera Energy Partners, and South Jersey Industries.

American Electric Power has an analyst consensus of Strong Buy, with a price target consensus of $76.29, implying a 7.3% upside from current levels. In a report issued on September 10, Guggenheim also upgraded the stock to Buy with a $77 price target.

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The company has a one-year high of $78.07 and a one-year low of $62.71. Currently, American Electric Power has an average volume of 2.53M.

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American Electric Power Co., Inc. is a public utility holding company that engages in the business of generation, transmission and distribution of electricity. It operates through the following segments: Vertically Integrated Utilities, Transmission & Distribution Utilities, AEP Transmission Holdco and Generation & Marketing.

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