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0.000131383025313135 0 0.000394149075939404 -0.000262766050626269 0.00135762459490235 0.00464220022773059 0.0035035473416835 0.0035035473416835
Stock impact report

JPMorgan Lifts AEP Price Target Following Utility Sector Model Update [Yahoo! Finance]

American Electric Power Company, Inc. (AEP) 
Last american electric power company, inc. earnings: 2/20 06:57 am Check Earnings Report
US:NYSE Investor Relations: aep.com/investors
Company Research Source: Yahoo! Finance
On December 12, JPMorgan analyst Jeremy Tonet raised his price target on American Electric Power Company, Inc. (NASDAQ:AEP) to $125 from $121, while maintaining a Neutral rating on the stock. The adjustment followed updates to the firm's models across the North American utilities sector. Electric demand is now accelerating at its fastest pace since the 1960s and 1970s, and forecasts continue to move higher. A major driver behind that trend is the rapid expansion of AI infrastructure, which is expected to require a massive increase in power generation. Capacity tied to data center growth alone is projected to jump from about 45 GW today to more than 130 GW by 2030. In November, Gabelli Funds portfolio manager Tim Winter said several stocks are positioned to benefit from this shift, with AEP among the names he highlighted. American Electric Power Company, Inc. (NASDAQ:AEP) has already begun adjusting to this backdrop. The company recently raised its long-term EPS growth outlook to Show less Read more
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