FirstEnergy Corporation (FE) Receives Price Target

FirstEnergy Corporation (FE) : 7 Wall Street analysts covering FirstEnergy Corporation (FE) believe that the average level the stock could reach for the short term is $36.71. The maximum price target given is $41 and the minimum target for short term is around $33, hence the standard deviation is calculated at $2.93.

FirstEnergy Corporation (FE) : 2 brokerage houses believe that FirstEnergy Corporation (FE) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on FirstEnergy Corporation (FE). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 10 Wall Street Analysts endorse the stock as a Buy with a rating of 2.45.


Also, Morgan Stanley upgrades its view on FirstEnergy Corporation (NYSE:FE) according to the research report released by the firm to its investors. The shares have now been rated Overweight by the stock experts at the ratings house. Earlier, the shares had a rating of Equal-weight. Morgan Stanley raises the price target from $38 per share to $41 per share on FirstEnergy Corporation. The rating by the firm was issued on August 8, 2016.

FirstEnergy Corporation (NYSE:FE): The stock opened at $32.67 on Thursday but the bulls could not build on the opening and the stock topped out at $32.77 for the day. The stock traded down to $32.27 during the day, due to lack of any buying support eventually closed down at $32.45 with a loss of -0.86% for the day. The stock had closed at $32.73 on the previous day. The total traded volume was 4,637,119 shares.

FirstEnergy Corp. is a holding company. The Company operates through three segments: Regulated Distribution, Regulated Transmission and Competitive Energy Services (CES). The Regulated Distribution segment distributes electricity through its 10 utility operating companies, serving customers within 65,000 square miles of Ohio, Pennsylvania, West Virginia, Maryland, New Jersey and New York. The Regulated Transmission segment transmits electricity through transmission facilities. The CES segment supplies electricity to end-use customers through retail and wholesale arrangements, including retail sales to customers in Ohio, Pennsylvania, Illinois, Michigan, New Jersey and Maryland. The Companys principal subsidiaries include Ohio Edison Company, The Cleveland Electric Illuminating Company, The Toledo Edison Company, Metropolitan Edison Company, Pennsylvania Electric Company, FirstEnergy Service Company, FirstEnergy Solutions Corp., Allegheny Energy Supply Company, LLC, among others.

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