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Argus Research Sticks to Their Buy Rating for American Electric Power (AEP)
Argus Research analyst maintained a Buy rating on American Electric Power on February 27 and set a price target of $140.00.
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In addition to Argus Research, American Electric Power also received a Buy from Morgan Stanley’s David Arcaro in a report issued on February 20. However, on February 27, UBS upgraded American Electric Power (NASDAQ: AEP) to a Hold.
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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- American Electric price target raised to $140 from $128 at Argus
- UBS upgrades American Electric to Neutral on better growth outlook
- American Electric upgraded to Neutral from Sell at UBS
- American Electric price target raised to $133 from $125 at Morgan Stanley
- American Electric price target raised to $141 from $137 at TD Cowen
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