Citi analyst Ryan Levine initiated coverage of FirstEnergy (FE) with a Buy rating and $53 price target FirstEnergy is well positioned to capture upside from future data center transmission upgrades, regulatory T&D maintenance, West Virginia generation investments, and benefits from an improving Ohio regulatory environment, according to the analyst, who projects EPS growth of about 8.1%, or slightly above the company’s 6%-8% guidance range.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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:
- Mon Power, Potomac Edison submit IRP in West Virginia
- FirstEnergy Updates Executive Severance and Control Plans
- FirstEnergy price target lowered to $47 from $48 at Morgan Stanley
- FirstEnergy upgraded to Overweight from Equal Weight at Barclays
- FirstEnergy price target raised to $48 from $47 at Morgan Stanley