AES Corp. price target raised to $16 from $13 at Jefferies
Jefferies has increased its price target for AES Corp. (AES) to $16 from $13, maintaining a Hold rating, citing credible rumors of a potential acquisition bid by GIP-EQT. The firm believes the bid is plausible given GIP's past interest in AES and the recent material trading up of clean energy comparables, which could make the valuation easier to justify.
https://www.tipranks.com/news/the-fly/aes-corp-price-target-raised-to-16-from-13-at-jefferies-thefly