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Evercore ISI Sticks to Its Buy Rating for American Electric Power (AEP)

Tipranks - Tipranks - Fri Mar 6, 7:34AM CST

Evercore ISI analyst Nicholas Amicucci maintained a Buy rating on American Electric Power today and set a price target of $153.00.

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According to TipRanks, Amicucci is a 4-star analyst with an average return of 14.2% and a 65.45% success rate. Amicucci covers the Utilities sector, focusing on stocks such as Consolidated Edison, Dominion Energy, and NextEra Energy.

In addition to Evercore ISI, American Electric Power also received a Buy from Ladenburg Thalmann & Co.’s Paul Fremont in a report issued yesterday. However, on February 27, UBS upgraded American Electric Power (NASDAQ: AEP) to a Hold.

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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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