Morgan Stanley Maintains Overweight on FirstEnergy, Lowers Price Target to $42
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 $44 to $42.

October 25, 2023 | 12:29 pm
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NEUTRAL IMPACT
Morgan Stanley has maintained an Overweight rating on FirstEnergy but lowered the price target from $44 to $42.
The news is directly about FirstEnergy. While the Overweight rating is positive, the lowering of the price target might have a neutral to slightly negative impact on the stock in the short term. However, the overall impact is hard to predict without additional information.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100