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Morgan Stanley Sticks to Their Buy Rating for FirstEnergy (FE)

Tipranks - Tipranks - Sat Feb 21, 8:04AM CST

In a report released today, David Arcaro from Morgan Stanley maintained a Buy rating on FirstEnergy, with a price target of $53.00.

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Arcaro covers the Utilities sector, focusing on stocks such as Vistra Corp, Pinnacle West Capital, and PG&E. According to TipRanks, Arcaro has an average return of 14.0% and a 65.20% success rate on recommended stocks.

In addition to Morgan Stanley, FirstEnergy also received a Buy from TipRanks – Google’s Google Regulated Electric in a report issued yesterday. However, on the same day, TipRanks – xAI reiterated a Hold rating on FirstEnergy (NYSE: FE).

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Based on FirstEnergy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.8 billion and a net profit of $202 million. In comparison, last year the company earned a revenue of $3.18 billion and had a net profit of $261 million

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