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UPDATE: Macquarie Upgrades Exelon

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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

DateFirmActionFromTo
Jun 2015SunTrust Robinson HumphreyMaintainsNeutral
Apr 2015Deutsche BankMaintainsBuy
Apr 2015SunTrust Robinson HumphreyMaintainsNeutral

View More Analyst Ratings for EXC
View the Latest Analyst Ratings

Posted-In: Angie Storozynski MacquarieAnalyst Color Upgrades Price Target Analyst Ratings

 

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