Exelon (EXC) Receives a Buy from Morgan Stanley

In a report released today, Stephen Byrd from Morgan Stanley maintained a Buy rating on Exelon (EXC), with a price target of $57.00. The company’s shares closed last Tuesday at $42.49.

According to TipRanks.com, Byrd is a 4-star analyst with an average return of 4.8% and a 56.5% success rate. Byrd covers the Utilities sector, focusing on stocks such as Algonquin Power & Utilities, Public Service Enterprise, and American Electric Power.

Currently, the analyst consensus on Exelon is a Moderate Buy with an average price target of $45.75, representing an 8.4% upside. In a report released yesterday, RBC Capital also maintained a Buy rating on the stock with a $46.00 price target.

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Exelon’s market cap is currently $40.79B and has a P/E ratio of 15.50. The company has a Price to Book ratio of 1.58.

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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. The Mid-Atlantic segment represents operations in the eastern half of PJM, which includes New Jersey, Maryland, Virginia, West Virginia, Delaware, the District of Columbia and parts of Pennsylvania and North Carolina. The Midwest segment operates in the western half of PJM, which includes portions of Illinois, Pennsylvania, Indiana, Ohio, Michigan, Kentucky and Tennessee, and the United States footprint of MISO, excluding MISO’s Southern Region, which covers all or most of North Dakota, South Dakota, Nebraska, Minnesota, Iowa, Wisconsin, the remaining parts of Illinois, Indiana, Michigan and Ohio not covered by PJM, and parts of Montana, Missouri and Kentucky. The New York (NY) segment provides operations within ISO-NY, which covers the state of New York in its entirety. The ERCOT segment includes operations within Electric Reliability Council of Texas, covering most of the state of Texas. The Other Power Regions consists of the operations in New England, South, West, and Canada. The company was founded in February 1999 and is headquartered in Chicago, IL.

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