Morgan Stanley raised the firm’s price target on FirstEnergy (FE) to $48 from $47 and keeps an Overweight rating on the shares. The firm is updating its price targets for stocks in the Regulated & Diversified Utilities / IPP North America sector under its coverage, the analyst tells investors. Utilities continue to see strong interest from both data centers and large load customers, the firm notes. Additionally, management teams believe any changes to the IRA are manageable, with many companies with safe harboring in place, the firm adds.
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Read More on FE:
- FirstEnergy Confirms Board and Auditor at Annual Meeting
- FirstEnergy participates in a conference call with JPMorgan
- Hold Rating Maintained for FirstEnergy Amid Regulatory and Financial Uncertainty
- FirstEnergy price target raised to $43 from $41 at Mizuho
- FirstEnergy Corp’s Earnings Call Highlights Strategic Growth
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