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Fly News Breaks for May 16, 2018
AES
May 16, 2018 | 07:02 EDT
As previously reported, BofA/Merrill downgraded AES Corp. to Neutral from Buy and trimmed its price target to $12 from $13. Analyst Julien Dumoulin-Smith views shares as fairly valued following the recent rally and believes management has executed well above expectations.