Morgan Stanley has revised its price target for FirstEnergy (FE, Financial), increasing it from $46 to $47. The investment firm continues to maintain an Overweight rating on the utility company's shares. This update is part of Morgan Stanley's broader assessment of price targets across Regulated and Diversified Utilities and Independent Power Producers (IPPs) in North America.
The firm noted that utilities have outperformed the S&P 500 index in March, highlighting the sector's current strong performance. As the financial markets approach the first quarter, Morgan Stanley anticipates a period with minimal financial updates, labeling it as a "quiet quarter." In light of this, the firm advises investors to concentrate on assessing tariff risks as a primary area of focus.
