Analyst Actions: American Electric Power Raised to Buy at SunTrust; Shares Edge Lower

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American Electric Power Company Inc. ( AEP ) was upgraded to a Buy rating from Neutral by analysts at SunTrust. The firm currently has a price target of $50 on the stock.

In addition to the upgrade, AEP is boosting its wind power delivery in Indiana, Michigan and Oklahoma to meet consumer demand for renewable energy, Reuters today reported. The company is buying more renewables amid federal regulations aimed at reducing emissions from the company's mostly coal-fired power plants.

AEP is down 0.2% to $45.25 in afternoon trade, amid a 52-week range of $39.01 - $51.60.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

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