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UPDATE: ISI Group Upgrades AES Corporation to Buy, Raises PT

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In a report published Monday, ISI Group upgraded its rating on AES Corporation (NYSE: AES) from Hold to Buy, and raised its price target to $13.00.

ISI Group noted, “We are upgrading AES to BUY from Hold. We have increased our price target to $13 / share, which primarily reflects the increase in the USD market value of AES's listed Latin American utilities. Our new target price represents a one-year expected total return of 17% to Friday's close, which screens as a BUY under ISI's new rating system. We caution, however, that AES's risk profile remains among the highest in our sector. Near term issues to watch for include 1) the outcome of the DPL ESP 2) volatility in foreign exchange rates.”

AES Corporation closed on Friday at $11.20.

Latest Ratings for AES

DateFirmActionFromTo
Jun 2020JP MorganMaintainsOverweight
May 2020Seaport GlobalInitiates Coverage OnBuy
May 2020Morgan StanleyMaintainsOverweight

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View the Latest Analyst Ratings

 

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Posted-In: ISI GroupAnalyst Color Upgrades Analyst Ratings

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