American Electric Power Co. (NYSE:AEP) was downgraded by stock analysts at Jefferies Group from a “buy” rating to a “hold” rating in a research report issued on Tuesday. They currently have a $67.00 price objective on the stock, down from their prior price objective of $77.00. Jefferies Group’s target price indicates a potential upside of 2.42% from the stock’s current price. The analysts noted that the move was a valuation call.
Source: American Banking and Market News