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Wells Fargo Remains a Buy on Exelon (EXC)

Tipranks - Tipranks - Thu May 28, 4:44AM CDT

Wells Fargo analyst Shahriar Pourreza maintained a Buy rating on Exelon yesterday and set a price target of $50.00. The company’s shares closed yesterday at $46.03.

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According to TipRanks, Pourreza is a 5-star analyst with an average return of 8.4% and a 68.99% success rate. Pourreza covers the Utilities sector, focusing on stocks such as Eversource Energy, Sempra Energy, and Pinnacle West Capital.

In addition to Wells Fargo, Exelon also received a Buy from Evercore ISI’s Nicholas Amicucci in a report issued on May 11. However, on May 21, Morgan Stanley maintained a Hold rating on Exelon (NASDAQ: EXC).

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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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