UPDATE: Macquarie Upgrades Exelon
In Monday's morning summary, Macquarie analyst Angie Storozynski upgraded shares of Exelon (NYSE: EXC) from Neutral to Outperform and lowered the price target from $37 to $36.
Storozynski sees forward heat rates in PJM as oversold due to continued coal plant retirements. She also said Exelon hedges along with recently expired fees for the long-term storage of spent nuclear fuel; the potential support in the legislature for its Illinois nuclear plants should support the company's earnings.
Latest Ratings for EXC
|Apr 2016||Deutsche Bank||Downgrades||Buy||Hold|
|Apr 2016||Goldman Sachs||Reinstates||Neutral|
|Apr 2016||Morgan Stanley||Assumes||Equal-weight|
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