American Electric price target raised to $95 from $93 at BMO Capital

BMO Capital analyst James Thalacker raised the firm’s price target on American Electric to $95 from $93 and keeps an Outperform rating on the shares. The firm cites the company’s Q1 earnings beat, also noting that its continued execution – including the identification of the company’s future leadership – remains key to the stock’s ability to further re-rate, the analyst tells investors in a research note.