UPDATE: Jefferies Raises PT on American Electric Power Following In-Line 1Q13 EPS

In a report published Monday, Jefferies analyst Paul B. Fremont reiterated a Buy rating on American Electric Power Company (NYSE: AEP ), and raised the price target from $55.00 to $56.50. In the report, Fremont noted, “AEP reported in-line 1Q13 EPS and affirmed 2013 guidance. The company reported that industrial