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UPDATE: ISI Group Initiates Hold on AES Corporation; Execution Critical

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AES Gets Outstanding Receivables From NEK, Sees Q1 EPS To Be Significantly Below Last Year
Earnings Scheduled For February 24, 2016

ISI Group initiated coverage on AES Corporation (NYSE: AES) with a Hold rating and a price target of $12.50.

ISI Group commented, "AES is a complex story with Utility and Generation operations across 27 countries. While we believe that the company has attractive platforms for growth in its core markets of the US, Chile and Brazil, and that it will eventually meet its 7-9% EPS growth target, it must first contend with more immediate headwinds from a 1) a strengthening US dollar, 2) aggressive leverage 3) the aftermath of the poorly conceived DPL acquisition and 4) an uncertain tax environment."

AES Corporation closed at $12.25 on Friday.

Latest Ratings for AES

DateFirmActionFromTo
Jan 2016BarclaysMaintainsOverweight
Nov 2015MacquarieMaintainsOutperform
Oct 2015Argus ResearchDowngradesBuyHold

View More Analyst Ratings for AES
View the Latest Analyst Ratings

Posted-In: ISI GroupAnalyst Color Initiation Intraday Update Analyst Ratings

 

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