J.P. Morgan Reaffirms Their Hold Rating on Exelon (EXC)
In a report released yesterday, Jeremy Tonet from J.P. Morgan maintained a Hold rating on Exelon, with a price target of $49.00. The company’s shares closed yesterday at $43.97.
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According to TipRanks, Tonet is a 5-star analyst with an average return of 9.3% and a 60.64% success rate. Tonet covers the Energy sector, focusing on stocks such as Pembina Pipeline, Oneok, and Kinetik.
In addition to J.P. Morgan, Exelon also received a Hold from TD Cowen’s Shelby Tucker in a report issued on May 15. However, on May 13, KeyBanc maintained a Sell rating on Exelon (NASDAQ: EXC).
Based on Exelon’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $7.24 billion and a net profit of $919 million. In comparison, last year the company earned a revenue of $6.71 billion and had a net profit of $908 million
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