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Fly News Breaks for September 13, 2017
AES
Sep 13, 2017 | 07:08 EDT
SunTrust analyst Ali Agha believes that multiple, positive catalysts over the next three months "should bode well" for the performance of AES Corp stock. The analyst believes that a pending decision by Ohio regulators will increase the company's annual EPS by 11c, and he thinks an announcement of a sale of its remaining 51% stake in its Phillippines assets would also help the stock. Finally, he believes that by listing its Eletropaulo subsidiary on the Brazilian stock exchange, the company will be able to eliminate the subsidiary from its financial statements and reduce its Brazilian exposure. He keeps a $15 price target and a Buy rating on the shares.
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