7/105 sources · 5 publishersUpdated Oct 20, 19:06 UTC
BTIG upgrades American Electric Power to Buy with $147 price target
BTIG raised its rating on American Electric Power (AEP) from Neutral to Buy and set a new price target of $147. The upgrade was driven by expectations of higher load growth, new power‑solution offerings and a strong capital‑spending outlook. AEP’s shares jumped about 2.2% after the announcement, trading around $124.72.
Why it matters
The higher rating and $147 target suggest upside potential for investors, especially as the stock already rose 2.2% on the news. BTIG’s view of continued high‑single‑digit growth through 2030 may support further price appreciation.
Key facts
- 1BTIG upgraded American Electric Power to a Buy rating. marketscreener.com
- 2BTIG set a price target of $147.00 for AEP. marketscreener.com
- 3AEP’s stock was trading at $124.72 at the time of the upgrade. marketscreener.com
- 4AEP’s market valuation is $67.9 billion. investing.com
- 5AEP trades at a price‑to‑earnings ratio of 21.6. investing.com
- 6AEP’s dividend yield is 3.05%. investing.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.