BofA Revises Ratings on Electric Utilities Stocks: CPN, PPL, EXC Up to Buy, POR, NJR Down to Underperform

In the Electric Utilities sector Monday morning, an analyst at BofA Merrill Lynch revised ratings on the following stocks.

Upgrades:

• Calpine (NYSE: CPN) - from Neutral to Buy
  
• PPL Corp. (NYSE: PPL) - from Neutral to Buy
  
• FirstEnergy (NYSE: FE) - from Neutral to Buy
  
• Exelon (NYSE: EXC) - from Neutral to Buy
  
• NRG Energy (NYSE: NRG) - from Neutral to Buy
  
• Ameren (NYSE: AEE) - from Underperform to Neutral

Downgrades:

• Portland General Electric (NYSE: POR) - from Neutral to Underperform
  
• New Jersey Resources (NYSE: NJR) - from Neutral to Underperform

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