Market Overview

UPDATE: Jefferies Raises PT on American Electric Power Company on Adjusted 2013 Quarters

Related AEP
Top 4 Stocks In The Electric Utilities Industry With The Highest Revenue
Earnings Scheduled For October 23, 2014
Keurig Green Mountain Pops on S&P 500 Invite (Fox Business)

In a report published Tuesday, Jefferies analyst Paul B. Fremont reiterated a Buy rating on American Electric Power Company (NYSE: AEP), and raised the price target from $50.50 to $55.00.

In the report, Fremont noted, “We are adjusting 2013e quarters including a $0.05 decrease of 1Q13 to $0.80 and a $0.05 increase of 2Q13 to $0.75. The reduction in our 1Q13 estimate reflects the impact of increased customer switching in Ohio partly offset by the benefit associated with the company's Ohio capacity deferral.”

American Electric Power Company closed on Monday at $49.98.

Latest Ratings for AEP

DateFirmActionFromTo
Nov 2014WEllDowngradesOutperformMarket Perform
Oct 2014Citigroup
Aug 2014Morgan StanleyDowngradesOverweightEqualweight

View More Analyst Ratings for AEP
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (AEP)

Around the Web, We're Loving...

Get Benzinga's Newsletters