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UBS starts coverage on AES Corp. (AES +1.9%) with a Buy rating and $15 price target, noting it...

UBS starts coverage on AES Corp. (AES +1.9%) with a Buy rating and $15 price target, noting it expects the operator of utilities and wholesale power generators to "handsomely outperform its commodity-driven peers in the near term," as recently-appointed CEO Andres Gluski seeks to trim less profitable businesses and aggressively cut costs.
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