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Fly News Breaks for January 15, 2020
Jan 15, 2020 | 06:25 EDT
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".
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