KeyBanc Upgrades American Electric Power and Exelon
On Tuesday, KeyBanc upgraded shares of American Electric Power (AEP) to Overweight from Sector Weight with a $133 price target. The firm cited expectations for a constructive Q3 update, including potential capital plan developments and earnings growth driven by the Piketon transmission investment. Exelon was also upgraded as part of this move, though specific details on Exelon's new rating or price targets were not provided in the article. Analysts are optimistic about both utilities' prospects due to anticipated operational improvements and strategic investments that could enhance long-term value for shareholders. The upgrades reflect growing confidence among analysts regarding utility stocks amid favorable regulatory environments and infrastructure investment opportunities.
Tickers: $AEP
Topics: Electric Utilities Investor Sentiment
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