KeyBanc downgraded FirstEnergy (FE) to Sector Weight from Overweight without a price target The shares have closed some of their valuation gap to the sector average, the analyst tells investors in a research note. The firm believes the “real prospect” of another rate case filing in Ohio in the near term, along with rising risks in New Jersey, will cap the near-term upside in shares of FirstEnergy.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FE: