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Fly News Breaks for May 1, 2017
FE
May 1, 2017 | 06:05 EDT
JPMorgan analyst Christopher Turnure downgraded FirstEnergy to Neutral saying he sees "no end in sight" for the merchant business exit. The analyst is also disappointed that shareholders absorbed the company's coal contract liabilities. He cut his price target for the shares to $32 from $36. Barclays this morning upgraded FirstEnergy to Overweight.
News For FE From the Last 2 Days
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.
