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Fly News Breaks for July 17, 2017
EXC
Jul 17, 2017 | 07:47 EDT
Deutsche Bank analyst Jonathan Arnold says he learned Friday that the judge in the challenge brought against the Illinois Zero Emission Credit program had ruled categorically in favor of Exelon's motion to dismiss the case. The decision, while unlikely to be the final word, looks like an "important and comprehensive first win" for Exelon in a case with direct implications for $235M of annual revenues, Arnold tells investors in a research note. He has a Buy rating on the shares with a $41 price target.
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