Citigroup Upgrades AES

After posting the AES blog last Thursday, Citigroup issued a report on Monday upgrading the stock to a buy with a target price of $20. The reasoning behind Citigroup’s upgrade are the reasons listed in last week’s blog, the most important of which is the massive free cash flow generation potential in late 2007 and going into 2008.

About Ed Mullane

Ed Mullane has been writing on business and economics for over twenty-five years. He currently writes for dealReporter, a Financial Times Group company. Much of his time is spent covering dealmaking in the technology, media and telecom industries.
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