Analysts have been eager to weigh in on the Utilities sector with new ratings on Exelon (EXC), Spire (SR) and PBF Energy (PBF).
Exelon (EXC)
In a report released today, Paul Fremont from Mizuho Securities maintained a Sell rating on Exelon, with a price target of $36.00. The company’s shares closed last Thursday at $42.06.
According to TipRanks.com, Fremont is a 4-star analyst with an average return of 5.7% and a 65.9% success rate. Fremont covers the Utilities sector, focusing on stocks such as Public Service Enterprise, Edison International, and Pnm Resources.
Exelon has an analyst consensus of Moderate Buy, with a price target consensus of $47.25.
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Spire (SR)
Credit Suisse analyst Michael Weinstein W. maintained a Buy rating on Spire today and set a price target of $71.00. The company’s shares closed last Thursday at $62.65.
According to TipRanks.com, W. is a 5-star analyst with an average return of 33.4% and a 68.3% success rate. W. covers the Utilities sector, focusing on stocks such as Nextera Energy Partners, Pinnacle West Capital, and Consolidated Edison.
Currently, the analyst consensus on Spire is a Moderate Buy with an average price target of $66.50.
PBF Energy (PBF)
In a report released today, Manav Gupta from Credit Suisse maintained a Hold rating on PBF Energy, with a price target of $10.80. The company’s shares closed last Thursday at $7.12, close to its 52-week low of $4.06.
According to TipRanks.com, Gupta has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -7.6% and a 42.4% success rate. Gupta covers the Utilities sector, focusing on stocks such as Par Pacific Holdings, Delek US Holdings, and Cenovus Energy.
The word on The Street in general, suggests a Hold analyst consensus rating for PBF Energy with a $6.83 average price target, a 4.9% upside from current levels. In a report released today, US Capital Advisors also downgraded the stock to Hold with a $7.00 price target.
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