Scotiabank cuts target for American Electric Power stock to USD 131.00
AD HOC NEWS
Scotiabank has reduced its price target for American Electric Power (AEP) stock from USD 140.00 to USD 131.00, while maintaining a "sector perform" rating. This adjustment comes despite AEP raising its 2026 operating earnings guidance and outlining a significant five-year capital plan with load additions. The target cut reflects mixed Q2 2026 results, where revenue grew but operating earnings and earnings per share declined, missing consensus estimates.
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