Market Overview

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

Related AEE
Earnings Scheduled For August 5, 2014
3 Utility Stocks to Light Up Your Portfolio - Earnings ESP

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.

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

 

Related Articles (AEE)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters