B of A Securities Maintains Underperform on FirstEnergy, Raises Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Julien Dumoulin-Smith maintains an Underperform rating on FirstEnergy (NYSE:FE) and raises the price target from $30 to $35.

April 23, 2024 | 4:07 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
B of A Securities maintains an Underperform rating on FirstEnergy and raises the price target from $30 to $35.
The maintenance of an Underperform rating suggests that B of A Securities analyst Julien Dumoulin-Smith views FirstEnergy's stock performance with skepticism despite the raised price target. This could indicate underlying concerns about the company's future performance or market position, potentially leading to negative investor sentiment in the short term. The increase in price target, however, might mitigate some negative impact by suggesting a slightly more optimistic valuation than previously estimated.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100