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Fly News Breaks for August 8, 2016
FE
Aug 8, 2016 | 08:21 EDT
BofA/Merrill upgraded FirstEnergy to Buy with a $40 price target based on increased confidence in the move towards a more regulated-like business structure. Analyst Brian Chin expect new CEO Chuck Jones will discuss new cost cutting measures and does not believe an equity issuance is likely near-term.
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