Market Overview

UPDATE: Jefferies Raises PT on FirstEnergy on CAD Testimony

Related FE
Restoration Hardware Drops On Weak Revenue; JDS Uniphase Shares Spike Higher
Taminco Surges On Acquisition News; E2open Shares Decline

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
Aug 2014BGC PartnersUpgradesHoldBuy
Aug 2014BarclaysMaintainsEqual-weight
Aug 2014Deutsche BankMaintainsHold

View More Analyst Ratings for FE
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (FE)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters