Analysts Expect a Decent Upside in FirstEnergy
FirstEnergy: Price targets
Wall Street analysts expect FirstEnergy to rise 12% in the next year. According to analysts’ estimates, it has an estimated price target of $34.40 compared to its current price of $30.76.
Hybrid utility FirstEnergy (FE) is one of the underperformers of the S&P 500 Utilities. The stock has lost more than 13% in the last year. In comparison, the Utilities Select Sector SPDR ETF (XLU) gained 6%, while the broader market (SPX-INDEX) rose 12%.
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On April 20, 2017, among the 21 analysts tracking FirstEnergy, 12 recommended it as a “hold,” five recommended it as a “buy,” and two recommended it as a “strong buy.” Two analysts recommended it as a “strong sell.”