Jefferies Upgrades AES to Hold, Boosts Price Target to $13

Jefferies analyst Julien Dumoulin-Smith upgraded AES Corporation's stock from 'Underperform' to 'Hold' with a price target of $13. The analyst acknowledged AES' progress in the data center space and significant hurdles to a potential acquisition by BlackRock's Global Infrastructure Partners. Mizuho raised its price target to $16 with an 'Outperform' rating. AES reported mixed Q3 results with an adjusted EPS of $0.75, falling short of expectations by $0.02, but reaffirmed its FY 2025 adjusted EPS outlook and long-term growth rate target.