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UPDATE: Jefferies Raises PT on FirstEnergy on CAD Testimony

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8 Biggest Price Target Changes For Tuesday
FirstEnergy Downgraded At Goldman Sachs, Expects Large Equity Offering
FirstEnergy cut to Sell at Goldman, which sees large equity offering (Seeking Alpha)

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
Jul 2016Goldman SachsDowngradesNeutralSell
Jul 2016CitigroupMaintainsSell
Jul 2016JefferiesMaintainsHold

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View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

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