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Morgan Stanley Remains a Buy on American Electric Power (AEP)

Tipranks - Tipranks - Sat Feb 21, 7:48AM CST

In a report released today, David Arcaro from Morgan Stanley maintained a Buy rating on American Electric Power, with a price target of $133.00.

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According to TipRanks, Arcaro is a 5-star analyst with an average return of 14.0% and a 65.20% success rate. Arcaro covers the Utilities sector, focusing on stocks such as Vistra Corp, Pinnacle West Capital, and PG&E.

In addition to Morgan Stanley, 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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