Jefferies raised the firm’s price target on AES Corp. (AES) to $16 from $13 and keeps a Hold rating on the shares. The firm says headlines around possible GIP-EQT bid for AES are credible. GIP has a long history with AES and had been contemplated as a buyer earlier. Jefferies sees this as credible, especially with clean energy comparables trading up materially, making valuation easier to justify.
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