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Fly News Breaks for September 17, 2015
AEP
Sep 17, 2015 | 07:59 EDT
Jefferies analyst Anthony Crowdell says American Electric Power should trade at a premium to the group average, not the current discount, given the company's transition to being more heavily weighted in regulated earnings. American Electric is likely to receive a Purchase Power Agreement in Ohio, sell the remainder of its competitive generating plants and repurchase shares, Crowdell tells investors in a research note. He has a Buy rating on the stock with a $61 price target.
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