FirstEnergy Announces Transformational $2.5 Billion Equity Investment

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FirstEnergy Corp. (FE) PT Raised to $36 at Deutsche Bank

January 23, 2018 7:47 AM EST

Deutsche Bank raised its price target on FirstEnergy Corp. (NYSE: FE) to $36.00 (from $35.00) while maintaining a Buy rating. FE announced that an investor group including Elliott Management, Bluescape, GIC, and Zimmer Partners are making a $2.5B equity investment, consisting of $850M in common equity and... More