The AES Corporation shares are trading lower after B of A Securities downgraded the stock from Buy to Neutral and lowered its price target from $24 to $23.
Portfolio Pulse from Benzinga Newsdesk
The AES Corporation's stock has been downgraded by B of A Securities from Buy to Neutral, with a reduced price target of $23, down from $24.
June 22, 2023 | 2:47 pm
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B of A Securities downgraded AES Corporation's stock from Buy to Neutral and lowered its price target from $24 to $23.
The downgrade by B of A Securities from Buy to Neutral and the reduction in price target from $24 to $23 indicate a less optimistic outlook for AES Corporation's stock. This is likely to have a negative impact on the stock price in the short term.
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