BMO Capital Initiates Outperform Rating on FirstEnergy with $50 Price Target
BMO Capital has initiated coverage of FirstEnergy (FE) with an 'Outperform' rating and a price target of $50. The analyst suggests that the utility company is currently trading at an attractive entry point for investors. The upgrade is driven by expectations of earnings upside and potential multiple expansion. BMO analysts noted that there are visible paths toward improved earnings performance, positioning the stock favorably for growth.
Tickers: $FE
Topics: Equity Research Price Target Stock Rating
Read the full article at Seeking Alpha
Part of the story Guggenheim Initiates Nutanix with Buy Rating and $100 Price Target (3 articles)