Deutsche Bank Maintains Exelon Price Target

In a report released this morning, Deutsche Bank said that it is maintaining its price target for Exelon Corporation

. “Our current price target attributes $13 to the Utilities and $29 to Generation,” Deutsche Bank writes. “This includes $7 as a proxy for the value that would be realized under a federal CO2 cap-and-trade regime and/or more stringent EPA regulations.” While efforts to pass a cap-and-trade regime have foundered and the implementation of EPA regulations could also be challenged, Deutsche Bank believes Exelon's current dividend yield (5.0%), coupled with below normal Treasury yields, will offer downside protection. Exelon closed Friday at $42.00