TD Cowen upgraded FirstEnergy (FE) to Buy from Hold with a price target of $53, down from $56. The firm views the recent selloff in the shares as overdone. FirstEnergy offers lower rates compared to peers and has “robust” transmission investment opportunities, the analyst tells investors in a research note.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FE:
- The Week That Was, The Week Ahead: Macro and Markets, May 3
- FirstEnergy Earnings Call: Growth, Capex And Affordability
- FirstEnergy reports Q1 adjusted EPS 72c, consensus 72c
- FirstEnergy Posts Strong Q1 Earnings and Reaffirms 2026 Outlook
- FirstEnergy backs FY26 adjusted EPS view $2.62-$2.82, consensus $2.73