Market Overview

UPDATE: Jefferies Raises PT on FirstEnergy on CAD Testimony

Share:
Related FE
Mid-Afternoon Market Update: NASDAQ Up 50 Points; Ocwen Financial Shares Spike Higher
5 Biggest Price Target Changes For Monday

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
May 2017JP MorganDowngradesOverweightNeutral
May 2017Evercore ISI GroupDowngradesBuyIn-Line
May 2017BarclaysUpgradesEqual-WeightOverweight

View More Analyst Ratings for FE
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (FE)

View Comments and Join the Discussion!