Wells Fargo Upgrades Exelon (EXC) to Market Perform
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Price: $35.15 +1.03%
Rating Summary:
4 Buy, 13 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
4 Buy, 13 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade EXC Now!
Wells Fargo upgraded Exelon (NYSE: EXC) from Underperform to Market Perform. Valuation range increased from $36-38 to $41-43.
Wells analyst says, "We are upgrading shares of EXC due to valuation considerations and an improving longer-term earnings and cash flow outlook. While shares continue to trade at a premium valuation on an EV/EBITDA basis, the premium has materially eroded over the last few months reflecting both modest share price underperformance and improving longer-term earnings prospects relative to our expectations for EXC and peers in early 2010."
For more ratings news on Exelon click here and for the rating history of Exelon click here.
Shares of Exelon closed at $42.47 yesterday, with a 52 week range of $0.00-$51.80.
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Wells analyst says, "We are upgrading shares of EXC due to valuation considerations and an improving longer-term earnings and cash flow outlook. While shares continue to trade at a premium valuation on an EV/EBITDA basis, the premium has materially eroded over the last few months reflecting both modest share price underperformance and improving longer-term earnings prospects relative to our expectations for EXC and peers in early 2010."
For more ratings news on Exelon click here and for the rating history of Exelon click here.
Shares of Exelon closed at $42.47 yesterday, with a 52 week range of $0.00-$51.80.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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