Citi analyst Ryan Levine initiated coverage of FirstEnergy (FE) with a Buy rating and $53 price target FirstEnergy is well positioned to capture upside from future data center transmission upgrades, regulatory T&D maintenance, West Virginia generation investments, and benefits from an improving Ohio regulatory environment, according to the analyst, who projects EPS growth of about 8.1%, or slightly above the company’s 6%-8% guidance range.
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