FirstEnergy price target raised to $47 from $45 at Jefferies

Jefferies analyst Julien Dumoulin-Smith raised the firm’s price target on FirstEnergy (FE) to $47 from $45 and keeps a Hold rating on the shares. Clean Ohio rate case and HB6 resolutions that clarify the outlook for 2026 and onward could begin to close the 20% discount on Ohio utilities that the firm applies in its sum-of-the-parts valuation, the analyst tells investors.