Barclays Maintains Overweight on AES, Raises Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Stephen Byrd has maintained an Overweight rating on AES Corporation (NYSE:AES) and increased the price target from $18 to $21.
January 22, 2024 | 1:51 pm
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Barclays has reaffirmed its Overweight rating on AES Corporation and raised the price target from $18 to $21, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Barclays typically signals a bullish perspective on the stock, suggesting that the company's fundamentals or growth prospects have potentially improved. Investors often view such updates as a positive sign, which can lead to a short-term increase in the stock price.
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