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Morgan Stanley Reaffirms Their Hold Rating on Exelon (EXC)

Tipranks - Tipranks - Sat Feb 21, 7:48AM CST

In a report released today, David Arcaro from Morgan Stanley maintained a Hold rating on Exelon, with a price target of $54.00.

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Arcaro covers the Utilities sector, focusing on stocks such as Vistra Corp, Pinnacle West Capital, and PG&E. According to TipRanks, Arcaro has an average return of 14.0% and a 65.20% success rate on recommended stocks.

In addition to Morgan Stanley, Exelon also received a Hold from UBS’s Joseph Parkhill in a report issued today. However, on February 14, TipRanks – Google upgraded Exelon (NASDAQ: EXC) to a Buy.

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Based on Exelon’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.41 billion and a net profit of $594 million. In comparison, last year the company earned a revenue of $5.47 billion and had a net profit of $647 million

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