AEP Target Price Raised by TD Cowen to $148 Amid Growth Outlook
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowTD Cowen analyst Shelby Tucker has raised the price target for American Electric Power Company, Inc. (AEP) from $141 to $148, maintaining a Buy rating. The update follows first-quarter earnings reports, indicating a robust EPS growth outlook exceeding a 9% CAGR, supported by new capital projects. Scotiabank also increased its price target on AEP to $140 from $131, with shares currently trading at over a 10% P/E premium compared to peers. This assessment highlights AEP's strong potential for growth amid a competitive utility sector.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About American Electric Power (AEP)
American Electric Power operates one of the largest U.S. electricity-transmission networks.
The Utilities sector covers electric, gas and water providers prized for steady, regulated income.
Earlier AEP news
- American Electric Power (AEP) Form 424B5 Filed on May 13
- Goldman Sachs Bullish on AEP, Forecasting 9% EPS CAGR Until 2030
- AEP, DOE, and SB Energy Announce $4.2 Billion Investment in Ohio Infrastructure
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