KeyBanc lowered the firm’s price target on FirstEnergy (FE) to $47 from $48 and keeps an Overweight rating on the shares. The firm says FirstEnergy remains its value pick, as KeyBanc believes the ultimate resolution of regulatory proceedings in Ohio will be constructive.
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Read More on FE:
- FirstEnergy price target lowered to $50 from $52 at Morgan Stanley
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- FirstEnergy to Present at Edison Electric Institute Conference
- Seaport downgrades FirstEnergy to Neutral on Ohio uncertainty
- FirstEnergy downgraded to Neutral from Buy at Seaport Research
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