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Analysts Offer Insights on Utilities Companies: Exelon (EXC) and Fortis (FTS)

Tipranks - Fri May 8, 11:56AM CDT

Companies in the Utilities sector have received a lot of coverage today as analysts weigh in on Exelon (EXC) and Fortis (FTS).

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Exelon (EXC)

In a report released today, Richard Sunderland from Truist Financial maintained a Hold rating on Exelon. The company’s shares closed last Thursday at $44.22, close to its 52-week high of $45.20.

According to TipRanks.com, Sunderland is a 4-star analyst with an average return of 4.6% and a 57.6% success rate. Sunderland covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Pinnacle West Capital. ;'>

Currently, the analyst consensus on Exelon is a Hold with an average price target of $50.85, representing a 13.5% upside. In a report issued on May 1, TipRanks – Google also downgraded the stock to Hold with a $50.00 price target.

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Fortis (FTS)

Desjardins analyst Brent Stadler maintained a Buy rating on Fortis today and set a price target of C$81.00. The company’s shares closed last Thursday at $56.00.

According to TipRanks.com, Stadler is a 2-star analyst with an average return of 1.1% and a 44.2% success rate. Stadler covers the Utilities sector, focusing on stocks such as Algonquin Power & Utilities, Northland Power, and TransAlta. ;'>

Currently, the analyst consensus on Fortis is a Hold with an average price target of $57.84, which is a 3.5% upside from current levels. In a report issued on April 28, Barclays also initiated coverage with a Buy rating on the stock with a price target.

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