FirstEnergy (FE) Tops Q1 EPS by 3c, Miss on Revenue

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FirstEnergy Corp. (FE) PT Lowered to $31 at Jefferies; 'Strong Q Earnings Overshadowed'

May 1, 2017 7:12 AM EDT

Jefferies lowered its price target on FirstEnergy Corp. (NYSE: FE) to $31.00 (from $32.00) while maintaining a Hold rating, following the company's quarterly report.

Analyst Anthony Crowdell notes the company's transition toward a completely regulated utility, will take longer than expected as management waits for... More