FirstEnergy price target raised to $47 from $46 at Morgan Stanley

Morgan Stanley raised the firm’s price target on FirstEnergy (FE) to $47 from $46 and keeps an Overweight rating on the shares. The firm is updating its price targets on Regulated & Diversified Utilities / IPPs in North America, the analyst tells investors. Utilities outperformed the S&P in March, the firm adds. Heading into Q1, the quarter represents a “quiet quarter” without meaningful financial updates, so key focus areas will likely be tariff risk, Morgan Stanley says.