Market Overview

UPDATE: Jefferies & Company Downgrades Exelon Corporation to Hold, Lowers PT

Related EXC
ComEd to Refund Customers $46M
Markets Tumble; Kellogg Lowers Full-Year Forecast
Mid-Market Report: M&A in Payment Systems and Utilities (Fox Business)

In a report published Friday, Jefferies & Company downgraded its rating on Exelon Corporation (NYSE: EXC) from Buy to Hold, and lowered its price target from $39.50 to $34.00.

Jefferies noted, “We are lowering our rating to Hold from Buy based on concerns about a possible dividend reduction. Management indicated on its earnings conference call that if forward prices do not improve in the next six months, revisiting our dividend policy will be in the range of options for preserving our investment grade rating.”

Exelon Corporation closed on Thursday at $33.58.

Latest Ratings for EXC

DateFirmActionFromTo
Aug 2014Tigress FinancialInitiates Coverage onNeutral
Aug 2014SunTrust Robinson HumphreyMaintainsNeutral
Aug 2014JefferiesMaintainsBuy

View More Analyst Ratings for EXC
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Downgrades Analyst Ratings

 

Related Articles (EXC)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters