Goldman Sachs Starts FirstEnergy Corp. (FE) at Neutral

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Goldman Sachs initiates coverage on FirstEnergy Corp. (NYSE: FE) with a Neutral and $44 price target, saying 2014 consensus risk offsets underperformance.

The firm's estimates appear largely inline for 2013, but 7% below consensus for
2014. After 2014, earnings power increases given higher capacity pricing in Ohio.

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 $45.20 yesterday, with a 52 week range of $40.37-$51.14.

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