Fly News Breaks for March 1, 2016
Mar 1, 2016 | 15:49 EDT
Evercore ISI analyst Greg Gordon reiterated his Pepco (POM) standalone target price of $20 per share, is "downside" case in the event the Exelon (EXC) merger doesn't happen. Gordon's base case target price assumes a 50/50 probability of the deal closing and is now $23.50, down from $25.50, which assumed the transaction would be completed. The analyst has a Hold rating on Pepco shares.
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