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Fly News Breaks for October 25, 2016
FE
Oct 25, 2016 | 05:42 EDT
Deutsche Bank analyst Jonathan Arnold upgraded FirstEnergy to Buy citing the "muted reaction" to recent regulated wins. The company on November 4 should provide an updated outlook and confirm that its equity issuance, while substantial, will be lower than the "high estimates," Arnold tell investors in a research note. The analyst lowered his price target for the shares to $37 from $38.
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.
