American Electric Power (NASDAQ:AEP – Get Free Report) had its target price hoisted by analysts at Royal Bank of Canada from $90.00 to $100.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 12.87% from the company’s previous close.
Several other research firms have also recently weighed in on AEP. BMO Capital Markets increased their price target on American Electric Power from $93.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday. UBS Group cut American Electric Power from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $86.00 to $83.00 in a research report on Monday, March 11th. Scotiabank upped their price target on shares of American Electric Power…
