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Truist Financial Sticks to Their Hold Rating for Exelon (EXC)

Tipranks - Tipranks - Sat May 30, 7:40AM CDT

Truist Financial analyst Richard Sunderland maintained a Hold rating on Exelon today and set a price target of $49.00.

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Sunderland covers the Utilities sector, focusing on stocks such as Edison International, DTE Energy, and Dominion Energy. According to TipRanks, Sunderland has an average return of 3.5% and a 53.53% success rate on recommended stocks.

In addition to Truist Financial, Exelon also received a Hold from Morgan Stanley’s David Arcaro in a report issued on May 21. However, on May 26, Wells Fargo maintained a Buy 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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