Goldman Sachs Upgrades Exelon (EXC) to Buy

Goldman Sachs analyst Michael Lapides upgraded Exelon (NYSE: EXC) from Neutral to Buy with a price target of $52.00 (from $48.00).

• Upgrades on possible upside to consensus expectations.
• "We previously expected a meaningful decline in ExGen earnings power in 2019+ – driving our largely flat consolidated earnings trajectory – but now see just a modest decline in ExGen earnings power given our expectation that power prices continue to decline (although at a more moderate pace vs our prior estimates), and a much more normal earnings growth trajectory for the company."

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 $50.23 yesterday.

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