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Fly News Breaks for May 1, 2017
FE
May 1, 2017 | 05:34 EDT
Barclays analyst Gregg Orrill upgraded FirstEnergy to Overweight citing valuation and the company's exit of its merchant generation business, which he views as a catalyst. The analyst believes the 4.8% dividend yield is safe. He lowered his price target for the shares to $36 from $38.
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