Morgan Stanley raised the firm’s price target on FirstEnergy (FE) to $53 from $50 and keeps an Overweight rating on the shares. The firm is updating its price targets for Regulated & Diversified Utilities / IPPs stocks in North America under its coverage for January, the analyst tells investors. Morgan Stanley notes utilities underperformed the S&P’s return this month. Previewing Q4 earnings, the firm expects some balance in the discussion of data center pipelines given increased affordability and political concerns.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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 $56 from $55 at Scotiabank
- FirstEnergy price target raised to $51 from $47 at Mizuho
- FirstEnergy Faces Rising Political Risk as PJM Capacity Auctions Threaten Higher Customer Bills and Grid Investment Recovery
- FirstEnergy’s Bold Grid Investment Plan Drives Earnings Outlook
- FirstEnergy Posts Strong 2025 Results, Expands Capital Plan