American Electric Power (NASDAQ: AEP) Stock Sees Price Target Increases and Upgrades

• Morgan Stanley maintained an Overweight rating on American Electric Power and raised its price target to $130.00.
• BTIG upgraded American Electric Power from Neutral to Buy, setting a price target of $147.00.
• American Electric Power currently trades around $127.46 with a market capitalization of approximately $69.4 billion.

American Electric Power (NASDAQ: AEP) is a U.S. electric utility that supplies power to homes and businesses. It operates in the same industry as Duke Energy and Southern Company. Utilities typically earn revenue from electricity sales and regulated rates.

Morgan Stanley maintains its Overweight rating on American Electric Power and raises its price target to $130.00 from $128.00. An Overweight rating means the firm expects the stock to perform better than the market or a group of comparable stocks. American Electric Power trades at $127.46 when the update is posted, putting the new target $2.54 above that price.

BTIG analyst Alex Kania also takes a more positive view, upgrading American Electric Power from Neutral to Buy and setting a $147.00 price target, as highlighted by Benzinga. That target is $19.54 above the reported price of $127.46, though a price target is an analyst’s estimate, not a guaranteed future price.

A separate market quote puts American Electric Power at $127.43, up $0.21, or 0.16%. The stock trades between $127.31 and $128.18 during the day and has ranged from $112.54 to $140.58 over the past year. American Electric Power’s market capitalization—the total value of its shares—is approximately $69.4 billion, with trading volume of about 396,648 shares.