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Fly News Breaks for April 28, 2016
FE
Apr 28, 2016 | 06:59 EDT
RBC Capital downgraded FirstEnergy to Sector Perform following the Federal Energy Regulatory Commission's effective rejection of the Ohio PPA. We believe the company will have to issue around $2 billion of equity this year to strengthen its balance sheet and remain investment grade. The analyst lowered his price target to $33 from $38 on FirstEnergy shares.
News For FE From the Last 2 Days
FE
Apr 25, 2024 | 16:23 EDT
FE
Apr 23, 2024 | 09:29 EDT
BofA raised the firm's price target on FirstEnergy to $35 from $30 and keeps an Underperform rating on the shares. The firm, which is adjusting its 2024 through 2026 EPS estimates to $2.67, $2.86 and $3.00, respectively, still sees the need for further pension de-risking and deleveraging for FirstEnergy's discount to dissipate.
