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Scotiabank Raises its Price Target on FirstEnergy Corp. (FE) to $56 and Maintains an Outperform Rating
Scotiabank has increased its price target for FirstEnergy Corp. (FE) to $56 from $55 while maintaining an Outperform rating. This upgrade follows FirstEnergy’s announcement of a $36 billion capital investment plan for 2026-2030, representing a significant 30% increase over the previous plan and aiming for 10% compounded annual rate base growth. The company expects this plan to drive core EPS compounded annual growth near the top end of its 6%-8% target range.