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Fly News Breaks for April 28, 2016
FE
Apr 28, 2016 | 05:43 EDT
Jefferies analyst Anthony Crowdell downgraded FirstEnergy to Hold after the Federal Energy Regulatory Commission rescinded the company's Ohio power purchase agreement. The analyst views the stock as fairly valued with out the PPA. He lowered his price target for the shares to $35 from $40.50.
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