UPDATE: Barclays Reinstates Coverage on Exelon (EXC) at Equalweight; Bellwether, But Commodity Markets an Issue
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Price: $34.72 +0.35%
Rating Summary:
4 Buy, 13 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
4 Buy, 13 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade EXC Now!
(Updated - June 15, 2012 12:50 PM EDT)
Barclays reinstates coverage on Exelon (NYSE: EXC) with an Equalweight. PT $39.00.
Analyst, Daniel Ford, said, "We view EXC as a bellwether power company, with best-in-class generation assets, three large distribution utilities, and a top-notch management team with a track record of delivering on earnings promises and excellent operational expertise - particularly with its generation fleet...That being said, the state of forward commodities markets and the flat-to-down earnings environment they portend for unregulated generation has led to a weaker balance sheet and flat earnings path over the next 2-4 years."
Barclays sees FY12 thru FY14 EPS estimate at $2.69/$2.77/$2.65, respectively.
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 $37.79 yesterday, with a 52 week range of $36.34-$45.45.
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Barclays reinstates coverage on Exelon (NYSE: EXC) with an Equalweight. PT $39.00.
Analyst, Daniel Ford, said, "We view EXC as a bellwether power company, with best-in-class generation assets, three large distribution utilities, and a top-notch management team with a track record of delivering on earnings promises and excellent operational expertise - particularly with its generation fleet...That being said, the state of forward commodities markets and the flat-to-down earnings environment they portend for unregulated generation has led to a weaker balance sheet and flat earnings path over the next 2-4 years."
Barclays sees FY12 thru FY14 EPS estimate at $2.69/$2.77/$2.65, respectively.
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 $37.79 yesterday, with a 52 week range of $36.34-$45.45.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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