Morgan Stanley has increased its price target for Ameren (AEE, Financial), a leading utility company, setting it at $103, up from the previous target of $101. The firm maintains an Equal Weight rating for the shares, reflecting a balanced view on the stock's performance potential relative to market benchmarks.
This move is part of a broader update by Morgan Stanley on price targets for companies within North America's Regulated and Diversified Utilities and Independent Power Producers (IPPs) sectors. The update follows a period in March where utility stocks outperformed the S&P 500, showcasing the sector's relative strength.
As the industry heads into the first quarter of the year, Morgan Stanley notes that it is expected to be a "quiet quarter" with no significant financial updates due from Ameren or its peers. Consequently, investors are advised to pay close attention to tariff risks, which may affect the utility sector's future performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for Ameren Corp (AEE, Financial) is $101.86 with a high estimate of $113.00 and a low estimate of $89.00. The average target implies an upside of 3.11% from the current price of $98.78. More detailed estimate data can be found on the Ameren Corp (AEE) Forecast page.
Based on the consensus recommendation from 17 brokerage firms, Ameren Corp's (AEE, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Ameren Corp (AEE, Financial) in one year is $90.66, suggesting a downside of 8.22% from the current price of $98.78. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Ameren Corp (AEE) Summary page.
