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How Analysts View FirstEnergy Stock ahead of Its Q1 Results

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Analysts’ target prices

Analysts have given FirstEnergy (FE) a consensus target price of $44.2 compared to its current market price of $40.2, which suggests a potential upside of 9.8% over the next 12 months.

Among the 17 analysts tracking FirstEnergy, nine have given it “buy” recommendations, four have given it “holds,” and four have given it “strong buys.” Morgan Stanley increased FirstEnergy’s target price from $44.0 to $46.0 on April 18. JPMorgan Chase raised FE’s target price from $41.0 to $42.0 on April 15.

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The company’s improved business mix will likely bode well for its earnings in the long term. Analysts’ estimated upside and its premium dividend yield make it an attractive pick among utilities (XLU). Its stock looks fairly valued compared to its peers, but its flattish earnings growth next year could shun investors.

Peers’ price targets

Xcel Energy (XEL) stock has a median target price of $55.9 compared to its current market price of $54.8. This difference indicates a potential upside of 2% for the stock over the next 12 months.

PPL Corporation (PPL) stock offers a potential upside of more than 3% over the next 12 months. Analysts have given it a median target price of $32.1. It’s currently trading at $31.1.

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