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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FE:
- FirstEnergy price target raised to $44 from $41 at Wells Fargo
- FirstEnergy Reports Strong First Quarter Earnings Growth
- FirstEnergy says JCP&L infrastructure investment program approved by NJBPU
- FirstEnergy Reports Strong Q1 2025 Financial Results
- FirstEnergy reports Q1 adjusted EPS 67c, consensus 59c