Market Overview

UPDATE: Jefferies Reduces PT to $45 on FirstEnergy on Pulled Guidance

Share:
Related FE
FirstEnergy Q1 Earnings Top Views
Bank of America Upgrades FirstEnergy To Buy
First Energy: 3.97% Yield And A Possible Candidate For Dividend Investors (Seeking Alpha)

Jefferies reiterated its Hold rating on FirstEnergy (NYSE: FE) and lowered its price target from $49.50 to $45.

Jefferies noted, "FirstEnergy withdrew its 2013 earnings guidance of $3.10-$3.40 indicating a significant number of changes impacting its competitive business segment. The company hopes to refresh 2013 guidance before its analyst conference scheduled in beginning of 2013. 2Q12 earnings were $0.60 below consensus estimate of $0.64."

FirstEnergy closed at $46.14 on Tuesday.

Latest Ratings for FE

DateFirmActionFromTo
May 2015JefferiesMaintainsBuy
Apr 2015Deutsche BankMaintainsHold
Apr 2015Bank of AmericaUpgradesNeutralBuy

View More Analyst Ratings for FE
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (FE)

Around the Web, We're Loving...

Get Benzinga's Newsletters