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Fly News Breaks for June 25, 2017
AEP
Jun 25, 2017 | 21:20 EDT
Goldman analyst Michael Lapides downgraded American Electric to Neutral and raised its price target to $70 from $68 primarily due to valuation and risk to 2019 consensus estimates. The analyst also downgraded the Utilities sector to Cautious from Neutral saying valuations now appear stretched while earnings growth appears relatively normal.
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