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Wells Fargo Reaffirms Their Buy Rating on Exelon (EXC)

Tipranks - Tipranks - Sat Feb 14, 10:58AM CST

In a report released today, Shahriar Pourreza from Wells Fargo maintained a Buy rating on Exelon, with a price target of $53.00.

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Pourreza covers the Utilities sector, focusing on stocks such as Talen Energy Corp, NRG Energy, and PPL. According to TipRanks, Pourreza has an average return of 9.1% and a 69.15% success rate on recommended stocks.

In addition to Wells Fargo, Exelon also received a Buy from BMO Capital’s James Thalacker in a report issued today. However, on the same day, Scotiabank maintained a Hold rating on Exelon (NASDAQ: EXC).

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Based on Exelon’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $6.71 billion and a net profit of $875 million. In comparison, last year the company earned a revenue of $6.15 billion and had a net profit of $707 million

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