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AEP

American Electric

$94.95

0.29 (0.31%)

06:25
01/15/20
01/15
06:25
01/15/20
06:25

American Electric upgraded to Outperform from Sector Perform at RBC Capital

RBC Capital analyst Shelby Tucker upgraded American Electric to Outperform from Sector Perform with a price target of $103, up from $96. The analyst cites the company's "robust rate base" and earnings growth, adding that the risk for a lower return-on-equity in 2020 is limited with transmission utilities already operating in line with the new FERC rates. Tucker contends that American Electric offers the best value among the peer group of "quality utilities".

  • 20

    Feb

AEP American Electric
$94.95

0.29 (0.31%)

09/16/19
MZHO
09/16/19
NO CHANGE
Target $90
MZHO
Neutral
American Electric price target raised to $90 from $85 at Mizuho
Mizuho analyst Paul Fremont raised his price target for American Electric Power to $90 from $85 while reiterating a Neutral rating on the shares. The company has identified "significant" spending upside associated with its North Central Wind project but may face substantial regulatory challenges in obtaining approvals, Fremont tells investors in a research note.
12/20/19
SCOT
12/20/19
UPGRADE
Target $102
SCOT
Outperform
American Electric upgraded to Outperform from Sector Perform at Scotiabank
Scotiabank analyst Andrew Weisel upgraded American Electric to Outperform from Sector Perform with a $102 price target.
01/07/20
GUGG
01/07/20
DOWNGRADE
GUGG
Sell
American Electric downgraded to Sell from Neutral at Guggenheim
Guggenheim analyst Shahriar Pourreza downgraded American Electric Power to Sell from Neutral.
01/08/20
GUGG
01/08/20
NO CHANGE
GUGG
Guggenheim changes eight ratings, names Exelon best idea in 2020 Utility outlook
Guggenheim analyst Shahriar Pourreza noted that many of the traditional regulated utilities seen as bond proxies were relative outperformers in 2019 and he expects the same dynamics to carry into 2020, but with a "continued bend" towards cyclical energy/power levered names, which he predicts will be top quartile performers. In issuing his 2020 outlook for the Utility sector, Pourreza initiated coverage of Ameren (AEE) with a Buy rating and started coverage of Chesapeake Utilities (CPK), Hawaiian Electric (HE), NorthWestern (NWE) and ONE Gas (OGS), all with Neutral ratings. He also upgraded PPL Corp. (PPL) and Allete (ALE), each to Buy from Neutral, while downgrading Portland General Electric (POR), Spire (SR), Avista (AVA), American Electric (AEP), Consolidated Edison (ED) and New Jersey Resources (NJR) all to Sell from Neutral. Pourreza named Exelon (EXC) as his Best Idea in 2020 as he believes the market has "an unwarranted discount" and assigns a low single digit value to ExGen, which does not factor in upside from potential legislation in Illinois or Pennsylvania or the recently-ordered PJM capacity market reforms. In addition to the near-term catalysts, he also cites Exelon's valuation.

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