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Fly News Breaks for September 9, 2015
POM
Sep 9, 2015 | 06:46 EDT
KeyBanc analyst Paul Ridzon upgraded Pepco Holdings (POM) to Overweight and established a $22.50 price target on shares. Ridzon believes the market is overly discounting the chances of Exelon's (EXC) proposed acquisition of Pepco closing and expects the deal to ultimately go through. The analyst said Exelon remains committed to derisking its portfolio and believes it is willing to negotiate with Washing D.C. regulators on incremental concessions in order to get the deal done.
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