Jul. 19 at 5:02 PM
$AES Analyst David Arcaro of Morgan Stanley maintained a Buy rating on AES, retaining the price target of
$23.00. David Arcaro has given his Buy rating due to a combination of factors that highlight AES’s potential for growth and value. One of the primary reasons is the reported takeover interest from significant players like Brookfield Asset Management and BlackRock’s Global Infrastructure Partners, which suggests a strong market confidence in AES’s future prospects.
Additionally, Arcaro’s valuation of AES, using a sum-of-the-parts approach and a discounted cash flow analysis, indicates a higher intrinsic value than its current market price. This valuation takes into account the company’s existing and future renewables projects, energy infrastructure excluding coal, and new technologies, which collectively contribute to a positive outlook for AES’s stock performance.
