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UPDATE: Jefferies Raises PT on FirstEnergy on CAD Testimony

Related FE
Anthony J. Alexander Elected Executive Chairman of FirstEnergy Corp.; Charles E. Jones Elected President and CEO
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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 2014Deutsche BankMaintainsHold
Nov 2014BarclaysMaintainsEqual-weight
Nov 2014Bank of AmericaMaintainsNeutral

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View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

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