Analysts Offer Insights on Utilities Companies: FirstEnergy (FE) and PG&E (PCG)
Analysts have been eager to weigh in on the Utilities sector with new ratings on FirstEnergy (FE) and PG&E (PCG).
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FirstEnergy (FE)
In a report released today, Ross Fowler from Bank of America Securities maintained a Hold rating on FirstEnergy, with a price target of $53.00. The company’s shares closed last Friday at $46.31.
According to TipRanks.com, Fowler is a 5-star analyst with an average return of
Currently, the analyst consensus on FirstEnergy is a Moderate Buy with an average price target of $52.15, which is a 14.6% upside from current levels. In a report issued on May 21, TipRanks – Google also downgraded the stock to Hold with a $49.00 price target.
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PG&E (PCG)
In a report released today, Gregg Orrill from UBS maintained a Buy rating on PG&E, with a price target of $22.00. The company’s shares closed last Friday at $16.49.
According to TipRanks.com, Orrill is a 3-star analyst with an average return of
Currently, the analyst consensus on PG&E is a Strong Buy with an average price target of $22.92, which is a 39.6% upside from current levels. In a report issued on May 15, J.P. Morgan also maintained a Buy rating on the stock with a $23.00 price target.
Read More on FE:
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- FirstEnergy price target lowered to $51 from $54 at Morgan Stanley
- FirstEnergy Updates Transmission Governance, Maintains Shareholder Backing
- FirstEnergy upgraded to Buy from Hold at TD Cowen
- The Week That Was, The Week Ahead: Macro and Markets, May 3
- FirstEnergy Earnings Call: Growth, Capex And Affordability
