JP Morgan keeps neutral on Array Technologies and FirstEnergy, cuts price targets
JP Morgan kept neutral ratings on Array Technologies and FirstEnergy and lowered price targets to $7 and $50 a share, per Dow Jones Newswires.
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what happened
JP Morgan analysts maintained a neutral rating on Array Technologies (ARRY), a maker of solar trackers, and cut its price target to $7.00 a share from $8.00.
In a separate action, the bank kept its neutral view on FirstEnergy (FE), a large U.S. electric utility, and reduced its target to $50.00 from $52.00.
Dow Jones Newswires reported both changes, citing Benzinga's ratings data. Such revisions are routine and apply to individual stocks rather than the broader market.
why it matters
A lower target with an unchanged neutral rating points to a more cautious valuation view rather than a change in recommendation. The effect on the wider market is limited, but investors in solar equipment and regulated utilities may weigh such revisions when comparing stocks.
tags
instruments
sources
- Array Technologies Is Maintained at Neutral by JP Morgan — Dow Jones Newswires, 19 October 2026 at 20:06 UTC
- FirstEnergy Is Maintained at Neutral by JP Morgan — Dow Jones Newswires, 19 October 2026 at 20:30 UTC
- Ormat Technologies Is Maintained at Neutral by JP Morgan — Dow Jones Newswires, 19 October 2026 at 20:42 UTC
- Xylem Is Maintained at Neutral by JP Morgan — Dow Jones Newswires, 19 October 2026 at 20:52 UTC
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