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.
American Electric raises 2015 capital expenditure budget to $4.4B American Electric Power increased its 2015 capital expenditure budget to $4.4B. The company forecast its 2016 capital investment budget at $3.8B and its 2017 capital investment budget at $3.9B.