American Electric price target lowered to $100 from $108 at BMO Capital

BMO Capital lowered the firm’s price target on American Electric (AEP) to $100 from $108 and keeps an Outperform rating on the shares. The company has announced a partnership with KKR and PSP to sell a 19.9% stake in its Ohio/ Indiana & Michigan Transcos for $2.82B, and the proceeds of the sale were “significantly higher than expectations”, though the firm’s reduced price target reflects a mark-to-market adjustment, the analyst tells investors in a research note.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. >;elm:context_link;itc:0;sec:content-canvas” class=”link “>Try Now>>

>;elm:context_link;itc:0;sec:content-canvas” class=”link “>See the top stocks recommended by analysts >>

Read More on AEP:

EMEA Tribune is not involved in this news article, it is taken from our partners and or from the News Agencies. Copyright and Credit go to the News Agencies, email news@emeatribune.com Follow our WhatsApp verified Channel