UBS raises American Electric Power PT on stable finances

UBS raises price target for utility company American Electric Power AEP.O to $100 from $95

New PT represents 1.7% downside to stock's last close

Brokerage says concerns remain with AEP's ability to achieve sustained improvement in its jurisdiction where it has had challenging regulatory outcomes

"We continue to focus on residential sales trends as well, which have lagged guidance going back over the past 12 months," says UBS

Six out of 20 brokerages rate the stock "buy" or higher, "13" hold and 1 "sell"; their median PT is $109 - LSEG data

As of last close, AEP up 10.3% YTD