UPDATE: Credit Suisse Upgrades Exelon as Story is Shaping Up
In a report published Friday, Credit Suisse analyst Dan Eggers upgraded the rating on Exelon (NYSE: EXC) from Neutral to Outperform, and raised the price target from $23.00 to $35.00.
In the report, Credit Suisse noted, “We believe expectations and fundamentals for competitive power have found a bottom, with the potential for a long awaited recovery to take form over the next 12 months. We are upgrading EXC to Outperform with a $35 target price and 4.1% dividend yield, offering 16.7% total return potential with leverage to a number of business / market drivers.”
Exelon closed on Thursday at $31.37.
Latest Ratings for EXC
|Apr 2017||Wells Fargo||Downgrades||Outperform||Market Perform|
|Mar 2017||Morgan Stanley||Downgrades||Overweight||Equal-Weight|
|Feb 2017||KeyBanc||Upgrades||Sector Weight||Overweight|
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.