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Fly News Breaks for February 10, 2020
Feb 10, 2020 | 08:25 EDT
Wells Fargo analyst Neil Kalton raised his price target for Exelon to $59 from $54, while reiterating an Overweight rating on the shares. The analyst notes that shares have materially lagged the S&P Utilities on a trailing twelve-month basis owing, in large part, to the disruptive impact an ongoing FBI probe into IL lobbying activities has had on legislative efforts. However, he is becoming more optimistic that the Clean Energy Jobs Act will be passed in the spring session and believes investor expectations of this occurring remain low.
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