Market Overview

UPDATE: Jefferies & Company Reiterates Hold Rating, Lowers PT on Exelon Corporation

Share:
Related EXC
Mid-Morning Market Update: Markets Mixed; Big Lots Earnings Beat Estimates
Exelon Has Room For ROE Expansion, According To Morgan Stanley
Exelon: $2.35 Billion Subsidy 5%-6% Accretive To Share Prices (Seeking Alpha)

In a report published Wednesday, Jefferies & Company reiterated its Hold rating on Exelon Corporation (NYSE: EXC), but lowered its price target from $34.00 to $30.00.

Jefferies noted, “Following an update of our forecast model we are increasing our 4Q12 earnings estimate by $0.05 to $0.60 and our full year estimate by $0.10 to $2.85. We are also increasing our 2013 estimate by $0.20 to reflect higher earnings expectations at the company's CWE and BG&E utility subsidiaries. We are reducing our 2015-15 estimates to reflect lower commodity price assumptions for gas and electricity.”

Exelon Corporation closed on Tuesday at $29.61.

Latest Ratings for EXC

DateFirmActionFromTo
Nov 2016Morgan StanleyUpgradesEqual-WeightOverweight
Oct 2016JefferiesMaintainsBuy
Aug 2016BarclaysMaintainsOverweight

View More Analyst Ratings for EXC
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (EXC)

View Comments and Join the Discussion!