Deutsche Bank Downgrades Exelon (EXC) to Hold

Deutsche Bank downgraded Exelon (NYSE: EXC) from Buy to Hold with a price target of $36.00 (from $34.00). The change follows recent outperformance.

Analyst Jonathan Arnold said, "We lower EXC from Buy to Hold after strong performance (+26% YTD and +35% since mid-December) with the stock finding a plateau around our $36 SOTP target. While screening cheap on P/E vs. regulateds, EXC commodity exposure is still meaningful post-POM and we see better upside here in IPPs."

For an analyst ratings summary and ratings history on Exelon click here. For more ratings news on Exelon click here.

Shares of Exelon closed at $34.37 yesterday.

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