UBS Downgrades FirstEnergy to Neutral, Lowers Price Target to $40
Portfolio Pulse from richadhand@benzinga.com
UBS analyst Gregg Orrill has downgraded FirstEnergy (NYSE:FE) from Buy to Neutral and lowered the price target from $45 to $40.

August 07, 2023 | 11:45 am
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FirstEnergy's rating has been downgraded from Buy to Neutral by UBS, with a lowered price target from $45 to $40.
The downgrade from Buy to Neutral indicates a less optimistic outlook for FirstEnergy's stock. The lowered price target from $45 to $40 suggests that the analyst believes the stock may not perform as well as previously expected. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100