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Fly News Breaks for September 20, 2019
Sep 20, 2019 | 06:17 EDT
Mizuho analyst Paul Fremont downgraded FirstEnergy to Neutral from Buy with a price target of $48.50, up from $46. The analyst cites valuation for the downgrade as he believes the stock is fairly valued at current levels. The shares are pricing in much of the upside associated with successfully exiting the unregulated business, as well as removing any uncertainty related to rate case activity after settling in Ohio and New Jersey, Fremont tells investors in a research note.
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