Market Overview

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

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 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
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 Price Target Analyst Ratings

 

Related Articles (EXC)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters