Scotiabank raised the firm’s price target on FirstEnergy (FE) to $51 from $49 and keeps an Outperform rating on the shares. The firm remains bullish on the company as it believes the discount is inconsistent with EPS growth compared to peers, the analyst tells investors. While the firm recognizes some risks, Scotiabank is more focused on “impressive” regulatory progress across all states.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FE: