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Fly News Breaks for November 5, 2019
FE
Nov 5, 2019 | 07:29 EDT
Morgan Stanley analyst Stephen Byrd downgraded FirstEnergy to Equal Weight from Overweight with a price target of $49, down from $50. Following an advance, he thinks the stock's re-rating has now mostly been realized, Byrd tells investors. Additionally, his deep dive into Ohio utilities leads him to reduce his expectations and reduce his price target to $49 from $50.
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