Macquarie Neutral On FirstEnergy (FE)
Macquarie downgraded FirstEnergy (NYSE: FE) from “outperform” to “neutral.” The target price for FE is set to $43.
According to Macquarie, the price FE is paying for acquiring Allegheny (NYSE: AYE) is extremely high. FE’s shares slipped 0.21% to $39.51 in pre-market trading.







