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

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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
Feb 2015JefferiesInitiates Coverage onBuy
Jan 2015Wells FargoUpgradesMarket PerformOutperform
Jan 2015RBC CapitalUpgradesSector PerformOutperform

View More Analyst Ratings for EXC
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Downgrades Analyst Ratings

 

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