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Fly News Breaks for August 13, 2019
Aug 13, 2019 | 06:41 EDT
Barclays analyst Eric Beaumont upgraded Exelon to Overweight from Equal Weight while lowering his price target for the shares to $52 from $54. The utility continues to show "solid growth," backed by the 7.8% expected rate base growth and continued closing of earned to allowed return on equity gap at Pepco Holdings, Beaumont tells inventors in a research note. He sees "significant potential" for a stock revaluation as a short-term overreaction to power prices normalizes.
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