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Fly News Breaks for June 6, 2019
EXC
Jun 6, 2019 | 19:16 EDT
As previously reported, Goldman Sachs analyst Michael Lapides upgraded Exelon to Buy from Neutral and raised his price target to $52 from $48, saying the stock is one of his "top utility ideas." The analyst notes that the company has "solid" free cash flow generation, creating upside to his estimates based on his expectations for the company to continue reducing its leverage. Lapides adds that by 2020, Exelon may also start to use its free cash flows to fund buybacks.
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