Exelon (EXC) Stock Rising, Upgraded at Deutsche

Exelon (EXC) stock is advancing in afternoon trading today after the company was upgraded to 'buy' from 'hold' at Deutsche Bank on Friday.
By Annie Palmer ,

NEW YORK (TheStreet) -- Shares of Exelon (EXC) - Get Report are increasing by 2.58% to $37.40 in afternoon trading on Friday, as the company was upgraded to "buy" from "hold" at Deutsche Bank this morning. 

The firm also hiked its price target for the Chicago-based energy company to $39 from $37. 

Deutsche Bank analysts added that they remain highly selective on which regulated utilities stocks they favor, but prefer NextEra Energy (NEE) for its secular growth and CMS Energy (CMS) due to its "superior quality," among others. 

"While the overall group is no doubt vulnerable to a major shift in the macros and rate outlook, risks do seem balanced to us with upside potential on relative value if US yields end up falling back sub-1.5% as DB strategists expect," Deutsche Bank said in an analyst note.

Between Exelon and Public Service Enterprise Group (PEG), the firm said it sees better near-term results from Exelon and believes it's a solid entry point for investors looking for a cheaper regulated asset with positive growth.

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:

We rate EXELON CORP as a Buy with a ratings score of B+. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

You can view the full analysis from the report here: EXC

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