Analysts have been eager to weigh in on the Utilities sector with new ratings on FirstEnergy (FE – Research Report) and California Water Service (CWT – Research Report).
FirstEnergy (FE)
In a report issued on April 26, Neil Kalton from Wells Fargo maintained a Hold rating on FirstEnergy, with a price target of $42.00. The company’s shares closed last Friday at $38.13.
According to TipRanks.com, Kalton is a 5-star analyst with an average return of
Currently, the analyst consensus on FirstEnergy is a Moderate Buy with an average price target of $40.56, which is a 6.2% upside from current levels. In a report issued on April 22, Scotiabank also maintained a Hold rating on the stock with a $40.00 price target.
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California Water Service (CWT)
In a report issued on April 26, Jonathan Reeder from Wells Fargo maintained a Sell rating on California Water Service, with a price target of $50.00. The company’s shares closed last Friday at $47.93.
According to TipRanks.com, Reeder is a 3-star analyst with an average return of
The word on The Street in general, suggests a Hold analyst consensus rating for California Water Service with a $51.33 average price target.
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