Morgan Stanley Maintains Overweight on FirstEnergy, Lowers Price Target to $43
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd has maintained an Overweight rating on FirstEnergy (NYSE:FE) but lowered the price target from $46 to $43.
August 23, 2023 | 1:56 pm
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NEUTRAL IMPACT
FirstEnergy's price target has been lowered from $46 to $43 by Morgan Stanley, though the Overweight rating is maintained.
The news is directly about FirstEnergy. The lowering of the price target might indicate a potential downside, but the maintained Overweight rating suggests that the analyst still sees the stock as a good investment. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100