Morgan Stanley Maintains Overweight on FirstEnergy, Lowers Price Target to $46
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd maintains an Overweight rating on FirstEnergy (NYSE:FE) but lowers the price target from $48 to $46.

May 22, 2023 | 12:18 pm
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NEUTRAL IMPACT
Morgan Stanley maintains an Overweight rating on FirstEnergy (NYSE:FE) and lowers the price target from $48 to $46.
Morgan Stanley's lowered price target on FirstEnergy may have a neutral short-term impact on the stock price. While the Overweight rating indicates a positive outlook, the reduced price target may cause some investors to reevaluate their positions. However, the overall sentiment remains positive, which is why the score is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100