UBS lowered the firm’s price target on AES Corp. to $19 from $20 and keeps a Neutral rating on the shares. The firm is updating its EPS model to reflect the company’s 29% ownership in Fluence and raises its 2026 EPS estimate to $2.20 from $2.14 but also adjusts its investments and valuation mark-to-market on the stock, the analyst tells investors in a research note.
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