Scotiabank raised the firm’s price target on FirstEnergy (FE) to $46 from $44 and keeps an Outperform rating on the shares. The firm is impressed with the significant progress the company has made since its February update, the analyst tells investors. While the firm recognizes it will take some time, Scotiabank is increasingly optimistic about its near-term outperformance.
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Read More on FE:
- FirstEnergy price target raised to $44 from $41 at Wells Fargo
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- FirstEnergy reports Q1 adjusted EPS 67c, consensus 59c
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