In a report released today, Stephen Byrd from Morgan Stanley maintained a Buy rating on AES (AES – Research Report), with a price target of $32.00. The company's shares closed last Thursday at $23.33. According to TipRanks.com, Byrd is a 5-star analyst with an average return of 9.5% and a 59.2% success rate. Byrd covers the Utilities sector, focusing on stocks such as Algonquin Power & Utilities, American Electric Power, and Nextera Energy Partners. The word on The Street in general, suggests a Strong Buy analyst consensus rating for AES with a $30.50 average price target, representing a 30.7% upside.
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