Mizuho raised the firm’s price target on AES Corp. to $24 from $21 and keeps a Buy rating on the shares after the company announced a transaction with Auren Energia to sell its 47.3% position in its Brazilian renewables portfolio for $640M. The transaction overall screens positive, the analyst tells investors in a research note.
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Read More on AES:
- AES Agrees to Sell its Equity Interest in AES Brasil for Approximately $640 Million
- AES Corp. to sell its equity Interest in AES Brasil for about $640M
- AES Corp Unveils Quarterly Results and Future Outlook
- AES Corp. backs annualized adjusted EPS growth target of 7%-9% through 2027
- AES Corp. backs 2024 adjusted EPS view of $1.87-$1.97, consensus $1.91