Barclays Maintains Overweight on AES, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Stephen Byrd has maintained an Overweight rating on AES (NYSE:AES) but has lowered the price target from $25 to $17.
October 17, 2023 | 12:16 pm
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NEGATIVE IMPACT
Barclays has maintained an Overweight rating on AES but lowered the price target from $25 to $17, which could impact investor sentiment.
The lowering of the price target by Barclays from $25 to $17 indicates a potential decrease in the value of AES shares. This could lead to a negative sentiment among investors, potentially causing a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100