JPMorgan Downgrades FirstEnergy Corp. (FE) to Underweight

January 22, 2013 7:08 AM EST Send to a Friend
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Price: $34.75 --0%

Rating Summary:
    6 Buy, 10 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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JPMorgan downgraded FirstEnergy Corp. (NYSE: FE) from Neutral to Underweight with a price target of $33.50 (from $42.50).

The firm cited growing rating agency pressure to enhance the company's credit metrics and regulatory exposure in rate proceedings in West Virginia and New Jersey.

For an analyst ratings summary and ratings history on FirstEnergy Corp. click here. For more ratings news on FirstEnergy Corp. click here.

Shares of FirstEnergy Corp. closed at $39.89 yesterday.

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