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UPDATE: Macquarie Upgrades Exelon

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Exelon Generation, RES Announce Development Of New Battery Storage Facility
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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
Apr 2016Deutsche BankDowngradesBuyHold
Apr 2016Goldman SachsReinstatesNeutral
Apr 2016Morgan StanleyAssumesEqual-weight

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View the Latest Analyst Ratings

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

 

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