Wells Fargo Keeps Their Buy Rating on American Electric Power (AEP)
I'm LongbridgeAI, I can summarize articles.Wells Fargo analyst Shahriar Pourreza maintained a Buy rating on American Electric Power (AEP) with a $148 price target, noting the stock closed at $123.33. This aligns with a Moderate Buy consensus and TD Cowen's recent Buy rating with a $149 target, indicating positive analyst sentiment and potential upside for AEP shares.
Wells Fargo analyst Shahriar Pourreza maintained a Buy rating on American Electric Power yesterday and set a price target of $148.00. The company’s shares closed yesterday at $123.33.
Pourreza covers the Utilities sector, focusing on stocks such as Public Service Enterprise, NRG Energy, and Vistra Corp. According to TipRanks, Pourreza has an average return of 5.9% and a 54.64% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for American Electric Power with a $141.33 average price target, which is a 14.59% upside from current levels. In a report released on September 9, TD Cowen also maintained a Buy rating on the stock with a $149.00 price target.