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Benzinga

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Priya Nigam

FORGOTTEN HISTORY: Bofa downgrades firstenergy on higher pension drag - The Untold Story

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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