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AES Corp. reports Q2 adjusted EPS 25c, consensus 28c
Reports Q2 revenue $2.54B, consensus $2.96B.
AES Corp. downgraded to Underperform from Neutral at BofA/Merrill
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.
AES Corp. downgraded to Neutral on valuation at BofA/Merrill
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.
AES Corp. downgraded to Neutral from Buy at BofA/Merrill
AES Corp. upgraded to Sector Perform from Underperform at Scotiabank
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