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Wells Fargo Upgrades Southern Co. (SO) to Outperform

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Wells Fargo Downgrades Exelon (EXC) to Underperform

April 15, 2013 9:50 AM EDT

Wells Fargo downgraded Exelon (NYSE: EXC) from Market Perform to Underperform.

Analyst Neil Kalton said, "Our downgrade of EXC to Underperform reflects our belief that current valuation does not adequately reflect the still poor fundamental outlook for power markets. In conjunction with our... More