AES cut at Morgan Stanley as deal rationale makes sense but potential equity need weighs (AES:NYSE)

NodeGuardian

2026-03-26 19:47:37

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Morgan Stanley downgraded The AES Corporation (AES) to Equal Weight from Overweight, reducing its price target from $23 to $15. The firm acknowledges the rationale behind AES’s recent acquisition agreement but expresses concern over a potential future equity need, which influenced the downgrade.

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