Evercore ISI lowered the firm’s price target on AES Corp. to $23 from $26 and keeps an Outperform rating on the shares. While the firm trimmed its target, it continues to view AES as “the best risk/reward within our renewable coverage” after the company delivered “a solid quarter” and raised 2023 EPS guidance. The firm thinks the year-to-date underperformance in clean energy stocks is a buying opportunity for AES, the analyst tells investors in a note titled “Buy With Both Hands.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on AES:
- AES Corp. backs annualized adjusted EPS growth target of 6%-8% through 2027
- AES Corp. now sees 2023 adjusted EPS in top half of $1.65-$1.75 view
- AES Corp. reports Q3 EPS 60c, consensus 55c
- AES Expects Full Year 2023 Adjusted EPS to be in the Top Half of Guidance Range of $1.65 to $1.75
- AES Earnings this Week: How Will it Perform?