AES shares are trading lower after UBS downgraded the stock from Buy to Neutral and lowered its price target from $22 to $13.
Portfolio Pulse from Benzinga Newsdesk
AES Corporation's stock has been downgraded from Buy to Neutral by UBS, with the price target also being lowered from $22 to $13.
October 06, 2023 | 2:46 pm
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NEGATIVE IMPACT
UBS has downgraded AES Corporation's stock from Buy to Neutral and lowered its price target from $22 to $13, which may negatively impact the stock's performance in the short term.
The downgrade from Buy to Neutral by UBS indicates a less optimistic outlook for AES Corporation's stock. Additionally, the lowering of the price target from $22 to $13 suggests that UBS expects the stock's value to decrease. This news is likely to negatively impact investor sentiment and could lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100