NEW YORK (TheStreet) -- Morgan Stanley downgraded American Electric Power (AEP) to "equal weight" and set a $52 price target. The firm cited valuation, as the stock has outperformed over the past year.
The stock closed at $52.31 on Friday.
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Separately, TheStreet Ratings team rates AMERICAN ELECTRIC POWER CO as a "buy" with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation: "We rate AMERICAN ELECTRIC POWER CO (AEP) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins." You can view the full analysis from the report here: AEP Ratings Report AEP data by YCharts
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