Morgan Stanley has maintained an Equal Weight rating on Exelon Corporation (EXC) and increased its price objective to $54 from $51, citing increased price predictions for North American Regulated and Diversified Utilities. UBS also raised its price objective for Exelon to $51, while keeping a Neutral rating. Exelon, a utility services holding company, operates in energy transmission and distribution, with Morgan Stanley noting utilities underperformed the S&P in January.
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Morgan Stanley Keeps an Equal Weight Rating on Exelon Corporation (EXC)
Morgan Stanley has maintained an Equal Weight rating on Exelon Corporation (EXC) and increased its price objective to $54 from $51, citing increased price predictions for North American Regulated and Diversified Utilities. UBS also raised its price objective for Exelon to $51, while keeping a Neutral rating. Exelon, a utility services holding company, operates in energy transmission and distribution, with Morgan Stanley noting utilities underperformed the S&P in January.