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Benzinga
Benzinga
Business
Priya Nigam

BofA Downgrades FirstEnergy On Higher Pension Drag

FirstEnergy FE Julien DumoulinSmith BofA Securities FirstEnergy Corp NYSE

With rising interest rates, FirstEnergy Corp. (NYSE:FE) is poised to be negatively impacted by higher pension expenses, according to BofA Securities.

The FirstEnergy Analyst: Julien Dumoulin-Smith downgraded the rating for FirstEnergy from Buy to Neutral, while reducing the price target from $52 to $44.

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