AES Share Price Shifts Towards a $15 Take Private Deal, Analysts Anchor Price Targets Around Proposed Offer

AES's fair value estimate has been updated to $15.33, closely aligning with the proposed $15 per share cash offer. Research houses are now anchoring their price targets around the Global Infrastructure Partners and EQT Infrastructure VI bid. Morgan Stanley still sees an upside scenario at $18 per share if a competing bidder emerges, while Mizuho and HSBC downgraded AES to Neutral from Outperform and Hold from Buy, respectively. The consortium led by Global Infrastructure Management agreed to acquire AES for $10.8b in cash at $15 per share.