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NEW YORK (TheStreet) -- Exelon Corp. (EXC)  shares closed Tuesday's trading session up 1.51% to $35.69 after JPMorgan issued a positive note earlier this morning.

The firm reiterated its "overweight" rating on the stock with a $39 price target.

"Exelon's pro forma balance sheet leaves a cushion for future dividend hikes, buybacks or asset purchases, even at current commodity prices," analysts said.

Looking ahead, the firm expects the company to host an analyst day in the next coming months, where it will discuss cost-cutting efforts and growth opportunities.

Based in Chicago, Exelon, a utility services holding company, engages in the energy generation and delivery businesses in the U.S.

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Separately, TheStreet Ratings currently has a "Buy" rating on the stock with a letter grade of A-.

The company's strengths can be seen in multiple areas, such as its compelling growth in net income, attractive valuation levels, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. We feel its strengths outweigh the fact that the company shows low profit margins.

Recently, 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' author.

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

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