Reported about 16 hours ago
Despite recent price target cuts by Jefferies and Morgan Stanley, Jim Cramer remains steadfast in his support for American Electric Power (AEP), citing its long-term potential and institutional confidence. Following the issuance of $2 billion in debentures for expansion, Cramer's endorsement emphasizes AEP's position as a recession-proof investment, further bolstered by the backing of numerous hedge funds.
Source: YAHOO