Exelon (EXC) PT Raised to $55 at Mizuho Securities

October 15, 2021 6:31 AM EDT
Get Alerts EXC Hot Sheet
Price: $54.04 -0.86%

Rating Summary:
    16 Buy, 12 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 2 | New: 5
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Mizuho Securities analyst Paul Fremont raised the price target on Exelon (NASDAQ: EXC) to $55.00 (from $53.00) while maintaining a Buy rating.

The analyst commented, "We are increasing our 2022-24 estimates between $0.01 and $0.19 to reflect the upward recent trend in the forward price of gas and electricity. Our estimates assume that the company continues its proportional hedging strategy extending through 2024 at prices that are below current forward commodity prices for electricity. We would expect an update of hedging guidance when Exelon files a Form 10, which may occur at the end of 2021 or the beginning of 2022. We remain Buy-rated on EXC shares and update our PT to $55 (previously $53)."

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