UBS Raises Price Target on Ameren Corp (AEE) Ahead of 4Q Report

UBS reiterated a Neutral rating on Ameren Corp. (NYSE: AEE), and raised the price target to $51.00 (from $47.00), ahead of the company's 4Q earnings report.

Analyst Julien Dumoulin-Smith commented, "We are revisiting our estimates prior to Ameren's 4Q16 print to account for the recent legislation in Illinois reflecting new energy efficiency income, adding in prospects of distribution capex rider in Missouri as well as our 2017E EPS walk. We expect AEE to initiate guidance of $2.60 to $2.80 based on our $2.71 estimate vs $2.76, a modest disappointment into 4Q. We continue to see estimates as broadly a tad high, but the shares could continue to benefit from both thematic positives from higher 30-yr rates as well as prospects for real reforms in Missouri."

For an analyst ratings summary and ratings history on Ameren Corp. click here. For more ratings news on Ameren Corp. click here.

Shares of Ameren Corp. closed at $51.99 yesterday.

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