UPDATE: UBS Downgrades Exelon (EXC) to Sell; Retail/Power Trends Sliding
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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 - September 12, 2012 11:03 AM EDT)
UBS downgraded Exelon (NYSE: EXC) from Neutral to Sell. PT cut from $37 to $31.
Analyst, Julien Dumoulin-Smith, said, "We downgrade EXC on weakening power prices of late and heat rates across PJM (~$3/MWh since Aug. for both PJM West and NI Hub), concerns around retail margin compression given, and downside to robust consensus EPS expectations following mgmt’s 2Q O&M (implicitly higher) guidance."
FY12 EPS estimate lowered from $2.85 to $2.77 and FY13 from $2.86 to $2.54.
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 $35.49 yesterday, with a 52 week range of $35.36-$45.45.
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UBS downgraded Exelon (NYSE: EXC) from Neutral to Sell. PT cut from $37 to $31.
Analyst, Julien Dumoulin-Smith, said, "We downgrade EXC on weakening power prices of late and heat rates across PJM (~$3/MWh since Aug. for both PJM West and NI Hub), concerns around retail margin compression given, and downside to robust consensus EPS expectations following mgmt’s 2Q O&M (implicitly higher) guidance."
FY12 EPS estimate lowered from $2.85 to $2.77 and FY13 from $2.86 to $2.54.
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 $35.49 yesterday, with a 52 week range of $35.36-$45.45.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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