** BMO Capital Markets raises price target on utility company American Electric Power AEP.O to $111 from $107
** New PT represents 8.3% upside to stock's last close
** Company had announced pricing of a forward equity sale at $102/share on Tuesday, raising nearly $2.3 bln in common equity to be settled by end of 2026
** Brokerage sees the transaction positively as it removes the equity/credit overhang on the stock
** "We would expect investors' focus to pivot toward the company's s 3Q25 updated 5-year capital plan, where management is working to pull the identified $10 bln in upside capital into its next 5-year plan" - BMO adds
** 7 of 21 brokerages rate the stock "buy" or higher, 13 "hold" and 1 "sell"; their median PT is $104 - data compiled by LSEG
** Until last close, stock up 11.1% YTD
(Reporting by Pooja Menon in Bengaluru)
((Pooja.Menon@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.