- American Electric Power (AEP +1.9%) is upgraded to Buy from Hold with a $62.50 price target at Deutsche Bank, which believes AEP has made great strides toward becoming a more predictable, higher quality regulated utility, with improved execution and a clearer strategy in place.
- The firm sees the trend continuing in 2015 as AEP likely will exit its merchant generation business, which should reduce volatility and allow for multiple expansion.
- AEP trades in line with regulated peers absent any value for the generation segment, DB says, implying minimal downside even if the sale price or proceeds deployment disappoint.
American Electric upped to Buy at Deutsche Bank
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About AEP Stock
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| Symbol | Last Price | % Chg |
|---|---|---|
| AEP | - | - |
| American Electric Power Company, Inc. | ||