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Fly News Breaks for July 2, 2018
AES
Jul 2, 2018 | 08:51 EDT
BofA/Merrill analyst Jullen Dumoulin-Smith downgraded AES Corp to Underperform from Neutral and raised its price target to $12.50 from $12. The analyst believes valuation is excessive following successful strategic initiatives by management and is concerned about the difficult European backdrop, especially the treatment of Bulgarian PPAs, emerging market macro risks, and limited impact on shares from recent positive news.
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