Barclays analyst Nicholas Campanella lowered the firm’s price target on AES Corp. (AES) to $17 from $23 and keeps an Overweight rating on the shares after meeting with management. The company still sees fundamentals intact despite negative Inflation Reduction Act rhetoric, the analyst tells investors in a research note. The firm says AES expects benefits from lower development cost in 2025 with no equity in the plan as its asset sales program could continue.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on AES:
- SPY ETF Update, 12/11/2024
- VOO ETF Update, 12/10/2024
- Early notable gainers among liquid option names on December 9th
- AES Corp. increases quarterly dividend 2% to 17.595 per share
- RBC Picks 2 Utility Stocks Powering the Data Center Revolution
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
