Friday, 22 June 2007

AES stock up after Citigroup rates it a buy

(Reuters) - The Arlington, Virginia-based company's project pipeline drove the brokerage's earnings-per-share lift for 2008 and 2009, Citigroup analyst Brian Chin wrote in a note to clients.




Chin, who raised the stock price target to $26 from $25, said shares of the company have been flat all year, while utility and merchant shares are up significantly.


Read more at Reuters.com Hot Stocks News

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