American Electric Power Is Attractive Going Forward, Analyst Double-Upgrades Stock
1. BofA upgraded AEP to Buy, raising price target to $104. 2. AEP sold a 19.9% stake for $2.8 billion, reducing debt. 3. Forecasts project $5.83 EPS for 2025, growing to $7.33 in 2028. 4. Equity needs lowered to $2 billion; minimal internal funding required. 5. Analyst sees growth opportunities and strategic asset management for AEP.