According to Jefferies, American Electric Power AEP price target is lowered to $37.
Jefferies said that the PUCO Staff filed its recommendations Friday morning -- sided with interveners on the four major issues. “Our price target of $37.00 is based on our 2013 EPS estimate of $3.30 in conjunction with an 11.2x P/E multiple.”
American Electric Power closed on Friday at $36.24.
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