UPDATE: J.P. Morgan Upgrades Exelon Corporation to Overweight on Portfolio of Undervalued Options

Loading...
Loading...
In a report published Thursday, J.P. Morgan analyst Christopher Turnure upgraded the rating on
Exelon CorporationEXC
from Neutral to Overweight. In the report, J.P. Morgan noted, "Over the past two months Exelon has out-of-market support for IL and NY nuclear units advance and has moved forward in POM merger proceedings. Given traction on these initiatives as well as other energy and capacity market tightening potential in both the 2015 and future PJM auctions, we now view EXC shares as a portfolio of undervalued options over the next 6-12 months. We are upgrading to OW from N." Exelon Corporation closed on Wednesday at $32.62.
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorUpgradesAnalyst RatingsChristopher TurnureJ.P. Morgan
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...