FirstEnergy price target raised to $52 from $50 at Jefferies

Jefferies raised the firm’s price target on FirstEnergy (FE) to $52 from $50 and keeps a Hold rating on the shares. The firm’s thesis “shifts from modestly constructive to more balanced” ahead of the April 29 Q1 call, the analyst tells investors. The 2026 core EPS range of $2.62-$2.82 is intact, but what has changed is the range of regulatory outcomes in three jurisdictions that together account for roughly two-thirds of 2026 FirstEnergy-owned rate base, explains the analyst, pointing to the PECO withdrawal in Pennsylvania, the enrolled Maryland Utility RELIEF Act and the ongoing New Jersey business-model study.