AES Corp. price target lowered to $17 from $23 at Barclays

Barclays analyst Nicholas Campanella lowered the firm’s price target on AES Corp. (AES) to $17 from $23 and keeps an Overweight rating on the shares after meeting with management. The company still sees fundamentals intact despite negative Inflation Reduction Act rhetoric, the analyst tells investors in a research note. The firm says AES expects benefits from lower development cost in 2025 with no equity in the plan as its asset sales program could continue.