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Fly News Breaks for June 14, 2017
EXC
Jun 14, 2017 | 07:23 EDT
After meeting with Exelon's CFO, SunTrust analyst Ali Agha says that the company's merchant assets are significantly undervalued. He expects the company, within 18 months, to either use a portion of the unit's free cash flow to buy back shares or sell a stake in the business. The analyst raised his price target on the stock to $40 from $39 and keeps a Buy rating on the shares.
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