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Fly News Breaks for January 26, 2018
FE
Jan 26, 2018 | 07:23 EDT
As previously reported, BofA/Merrill upgraded FirstEnergy to Buy from Neutral and raised its price target to $36 from $33. Analyst Julien Dumoulin-Smith has increased comfort in FirstEnergy's divestiture strategy of FES following the restructuring of the working group and management's confidence in the balance sheet combine with no prospects for an equity offering through at least 2020.
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.
