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Fly News Breaks for May 15, 2017
EXC
May 15, 2017 | 08:09 EDT
UBS analyst Julien Dumoulin-Smith upgraded Exelon to Buy from Neutral citing its relative underperformance and its current valuation, which the analysts feels "is too cheap to ignore". The analyst feels the shares have been held back by investors concerns surrounding the PJM capacity auction and the ZEC legislation in New York and Illinois. Dumoulin-Smith feels those concerns are priced in already and raised his price target to $37.50 from $36 on Exelon shares.
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