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Analysts Are Cautious on FirstEnergy but Expect a Robust Gain

Vineet Kulkarni - Author

Nov. 20 2020, Updated 4:31 p.m. ET

Analysts’ recommendations

Of the 18 analysts tracking FirstEnergy (FE), eight recommend “buy,” six recommend “hold,” and four recommend “strong buy.” Their median target price of $40.70 for the stock implies a ~14% upside over the next 12 months based on its current price of $35.80.

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Price targets for peers

Of the 17 analysts tracking Consolidated Edison (ED), one recommends “strong buy,” ten recommend “hold,” five recommend “sell,” and one recommends “strong sell.” Their median target price of $78.80 for ED implies a ~5% upside to its current price of $75.30.

Analysts appear to be cautious on Xcel Energy (XEL). Of the 15 analysts tracking the stock, two recommend “strong buy,” two recommend “buy,” and 11 recommend “hold.” Their median target price of $51.70 implies a ~6% upside to its current price of $48.60. SunTrust Robinson Humphrey lowered its target price for Xcel Energy from $55 to $53 on December 24.

Broader markets’ sell-off intensified last week, with most major indexes recording their worst week in a decade. To learn more about utilities (XLU) did and their outlook, read Utilities: How the Worst Week for Markets Played Out.


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