FirstEnergy price target raised to $47 from $46 at KeyBanc

KeyBanc raised the firm’s price target on FirstEnergy to $47 from $46 and keeps an Overweight rating on the shares. The firm notes FirstEnergy continues to become a cleaner story as it works toward improving its earnings quality and its regulatory reset. With a stronger balance sheet, the company is now better positioned to capitalize on opportunities across its service territories, KeyBanc adds.