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Fly News Breaks for May 22, 2018
AEE
May 22, 2018 | 16:19 EDT
Goldman Sachs analyst Michael Lapides upgraded Ameren to Neutral from Sell and raised his price target for the shares to $61 from $55. The analyst boosted his estimates above consensus through 2021, particularly in 2020, on an improved outlook at Union Electric. Lapides sees Ameren's earnings rising 10% year-over-year in 2020 as 700MW of wind generation gets added to Union Electric's rate base. This makes for an improved valuation relative to peers, the analyst tells investors in a research note.
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