Morgan Stanley Downgrades Exelon Corporation to Equal-Weight with Price Target $37

Brokerage firm Morgan Stanley Downgrades its rating on Exelon Corporation(EXC). As per the latest information, Morgan Stanley Lowers the price target to $37 per share from a prior target of $40. The shares have been rated Equal-Weight. Previously, the analysts had a Overweight rating on the shares. The rating by the stock financial advisor at Morgan Stanley was issued on Mar 28, 2017 in a research report to their Investors and Clients.

In a different note, On Feb 14, 2017, KeyBanc said it Upgrades its rating on Exelon Corporation. In the research note, the firm Announces the price-target to $41 per share. The shares have been rated ‘Overweight’ by the firm. Credit Suisse said it Initiates Coverage On Exelon Corporation, according to a research note issued on Jan 25, 2017. The shares have been rated ‘Outperform’ by the firm.

Exelon Corporation (EXC) made into the market gainers list on Fridays trading session with the shares advancing 0.44% or 0.16 points. Due to strong positive momentum, the stock ended at $36.12, which is also near the day’s high of $36.4. The stock began the session at $35.88 and the volume stood at 36,05,565 shares. The 52-week high of the shares is $37.7 and the 52 week low is $29.82. The company has a current market capitalization of $33,439 M and it has 92,57,63,160 shares in outstanding.

Exelon Corporation(EXC) last announced its earnings results on Feb 8, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $8.052B. Analysts had an estimated revenue of $7.260B. Earnings per share were $0.44. Analysts had estimated an EPS of $0.46.

Several Insider Transactions has been reported to the SEC. On Feb 21, 2017, Duane M Desparte (SVP and Controller) sold 5,000 shares at $35.82 per share price.Also, On Sep 22, 2016, Calvin Jr Butler (CEO, BGE) sold 6,403 shares at $35.00 per share price.On Jul 18, 2016, Kenneth W. Cornew (Sr. EVP, Pres & CEO Generation) sold 30,000 shares at $36.47 per share price, according to the Form-4 filing with the securities and exchange commission.

Exelon Corporation (Exelon) is a utility services holding company. The Company operates through nine segments consisting of Exelon Generation Company LLC’s (Generation) six marketing segments Commonwealth Edison Company (ComEd) PECO Energy Company (PECO) and Baltimore Gas and Electric Company (BGE). Generation’s business consists of the generation physical delivery and marketing of power across geographical regions. ComEd’s business consists of the purchase and regulated retail sale of electricity and the provision of electricity transmission and distribution services to retail customers. PECO’s business consists of the purchase and regulated retail sale of electricity and the provision of electricity distribution and transmission services. BGE’s business consists of the purchase and regulated retail sale of electricity and natural gas and the provision of electricity distribution and transmission and gas distribution services.

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