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Fly News Breaks for October 18, 2019
EXC
Oct 18, 2019 | 08:45 EDT
SunTrust analyst Ali Agha lowered his price target on Exelon to $46 to reflect the greater uncertainty around its "earnings power" following the recent resignation of the company's CEO and its government affairs executive amid a federal investigation into the company's lobbying activities in Illinois. The analyst is also keeping his Hold rating on the shares, saying he believes that more clarity is required before this overhang is removed.
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