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UPDATE: Jefferies Raises PT on FirstEnergy on CAD Testimony

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In a report published Monday, Jefferies analyst Paul B. Fremont reiterated an Underperform rating on FirstEnergy Corp. (NYSE: FE), and slightly raised the price target from $38.50 to $39.50.

In the report, Fremont noted, “The Consumer Advocate Division (CAD) of the West Virginia Commission filed testimony arguing that Mon Power's and Potomac Edison's proposed purchase price of the Harrison Plant violates a prior stipulation barring recovery of goodwill.”

FirstEnergy Corp. closed on Friday at $46.48.

Latest Ratings for FE

DateFirmActionFromTo
Dec 2016BarclaysDowngradesOverweightEqual-Weight
Oct 2016Deutsche BankUpgradesHoldBuy
Oct 2016UBSMaintainsNeutral

View More Analyst Ratings for FE
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

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