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Fly News Breaks for November 2, 2015
FE
Nov 2, 2015 | 07:25 EDT
Wells Fargo says that FirstEnergy is trading at a 12% discount to its regulated electric peers. The firm thinks that the discount is excessive. Wells continues to expect the company to successfully institute a compelling regulated rate base growth strategy over the longer term. It keeps an Outperform rating on the shares.