Market Overview

UPDATE: Morgan Stanley Initiates Equal-Weight, $40 PT on Exelon Corporation

Share:
Related EXC
7 Biggest Price Target Changes For Tuesday
Benzinga's Top Upgrades, Downgrades For March 28, 2017

Morgan Stanley initiated its coverage on Exelon Corporation (NYSE: EXC) with an Equal-weight rating and a price target of $40 a share. Analysts believe that while dividends limit downside on shares, gas limits upside.

Morgan Stanley commented, "EXC shares look fairly valued and have limited catalysts over the short to medium term, in our view. While we think Exelon's attractive dividend yield of 5.4% is sustainable, we also believe the stock is effectively reflecting a $4.50/mmBtu long-run natural gas price, consistent with peers."

Exelon Corporation closed at $39.49 on Monday.

Latest Ratings for EXC

DateFirmActionFromTo
Mar 2017Morgan StanleyDowngradesOverweightEqual-Weight
Feb 2017KeyBancUpgradesSector WeightOverweight
Jan 2017Credit SuisseInitiates Coverage OnOutperform

View More Analyst Ratings for EXC
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Initiation Intraday Update Analyst Ratings

 

Related Articles (EXC)

View Comments and Join the Discussion!