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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
Jan 2015Wells FargoUpgradesMarket PerformOutperform
Jan 2015RBC CapitalUpgradesSector PerformOutperform
Dec 2014Deutsche BankMaintainsBuy

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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