BMO Capital analyst James Thalacker initiated coverage with a Buy rating on Exelon (EXC) today and set a price target of $56.00. The company’s shares closed last Monday at $49.73.
Exelon has an analyst consensus of Moderate Buy, with a price target consensus of $55.14, an 11.4% upside from current levels. In a report issued on February 9, Wells Fargo also maintained a Buy rating on the stock with a $59.00 price target.
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Based on Exelon’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $8.13 billion and net profit of $773 million. In comparison, last year the company earned revenue of $8.98 billion and had a net profit of $152 million.
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Exelon Corp. operates as a utility services holding company, which engages in the energy generation, power marketing, and energy delivery business. It operates through the following segments: Mid Atlantic, Midwest, New York, Electric Reliability Council of Texas (ERCOT) and other Power Regions.
