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TD Cowen Reaffirms Their Buy Rating on American Electric Power (AEP)

Tipranks - Tipranks - Sat Feb 21, 7:16AM CST

In a report released yesterday, Shelby Tucker from TD Cowen maintained a Buy rating on American Electric Power, with a price target of $141.00. The company’s shares closed yesterday at $128.42.

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Tucker covers the Utilities sector, focusing on stocks such as Consolidated Edison, Eversource Energy, and American Electric Power. According to TipRanks, Tucker has an average return of 10.0% and a 68.05% success rate on recommended stocks.

In addition to TD Cowen, American Electric Power also received a Buy from Jefferies’s Julien Dumoulin Smith in a report issued today. However, on February 17, BMO Capital maintained a Hold rating on American Electric Power (NASDAQ: AEP).

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Based on American Electric Power’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.05 billion and a net profit of $582 million. In comparison, last year the company earned a revenue of $4.7 billion and had a net profit of $664.1 million

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