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Stock impact report

FirstEnergy Corp (FE) – Price Target Raised to $54 [Yahoo! Finance]

FirstEnergy Corp. (FE) 
Last firstenergy corp. earnings: 4/23 04:20 pm Check Earnings Report
US:NYSE Investor Relations: investors.firstenergycorp.com
Company Research Source: Yahoo! Finance
FirstEnergy Corp. (NYSE:FE)'s electric distribution companies form one of America's largest investor-owned electric systems, serving more than 6 million customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York. On March 23, Morgan Stanley analyst David Arcaro slightly increased the firm's price target on FirstEnergy Corp. (NYSE:FE) from $53 to $54, while maintaining an ‘Overweight' rating on the shares. The updated target indicates an upside of almost 6% from the current levels. The move comes as Morgan Stanley revised its estimates in the North American Regulated & Diversified Utilities / IPPs under its coverage. The analyst outlined the overall utility sector's strong performance in February, when it posted gains of almost 22%. This compares to a surge of just under 14% delivered by the overall market. The analyst firm outlined the constructive recent discussions in the industry, with companies expressing optimism regarding growth opportunities and l Show less Read more
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