Wunderlich Maintains Sell on Ameren Corporation (AEE)

Wunderlich is out with its report today on Ameren Corporation AEE, maintaining Sell.

In a note to clients, Wunderlich writes, "Yesterday, the Missouri Public Service Commission issued an order denying the Office of Public Counsel request to roll back rates for all of Ameren Corp.'s Missouri customers to earlier rate levels. The commission stated that once a rate order is challenged in circuit court, the court receives full jurisdiction over the matter, and that the MPSC does not regain jurisdiction until the court issues a mandate following final judicial review. The commission's denial order is a modest positive, but we believe the stock impact is minimal, as we believe the market expected the commission to cede the issue to the courts. Our rating on AEE remains Sell."

Shares of AEE closed Wednesday at $26.79, down 0.45% from Tuesday's close.