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Fly News Breaks for October 29, 2019
AEE
Oct 29, 2019 | 06:01 EDT
UBS analyst Daniel Ford upgraded Ameren to Buy from Neutral with a price target of $86, up from $83. Following underperformance over the past nine months, the stock trades at a discount on a 2021 price-to-earnings ratio, Ford tells investors in a research note. Further, the analyst believes Ameren is likely to deliver "top quartile" 6%-8% earnings growth with "manageable" return on equity headwinds from Illinois formula rates.
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