American Electric downgraded to Hold from Buy at Jefferies Jefferies downgraded American Electric citing valuation and lowered its price target for shares to $50.50 from $52.50. Jefferies believes that any sale of the Genco is unlikely before 2015.
News For AEP From The Last 14 Days
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Silver Spring Network outlook has improved, says Stifel After meeting with Silver Spring's (SSNI) management, Stifel is more upbeat on the company's positioning for additional international and domestic opportunities, and on its execution. The firm is not concerned about the impact of possible delays of the company's deployment in conjunction with American Electric (AEP). Stifel expects Silver Spring's EPS to reach 92c in 2016, and it keeps a $16 price target and Buy rating on Silver Spring.