Market Overview

UPDATE: Morgan Stanley Upgrades Ameren Corporation to Overweight on Generation Exit

Share:
Related AEE
Mid-Afternoon Market Update: Tailored Brands Tumbles On Downbeat Results; Sarepta Therapeutics Shares Spike Higher
Benzinga's M&A Chatter for Thursday May 12, 2016

Morgan Stanley raised its rating on Ameren Corporation (NYSE: AEE) from Equal-weight to Overweight with a $37.50 price target.

Morgan Stanley noted, "We are upgrading AEE to Overweight given AEE's intention, announced yesterday, to exit the merchant generation business, which in our view will eliminate a significant drag on AEE EPS and valuation. We believe shares have 25% total return, including an above average 5.2% dividend yield."

Ameren Corporation closed at $31.17 on Thursday.

Latest Ratings for AEE

DateFirmActionFromTo
May 2016BarclaysMaintainsOverweight
Apr 2016BarclaysUpgradesEqual-weightOverweight
Apr 2016Argus ResearchDowngradesBuyHold

View More Analyst Ratings for AEE
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Upgrades Intraday Update Analyst Ratings

 

Related Articles (AEE)

View Comments and Join the Discussion!