Update (9:37 a.m.): Updated with Thursday market open information.
NEW YORK (TheStreet) -- Exelon (EXC) received a pair of analyst upgrades on Thursday. Wells Fargo upgraded the stock to "market perform" because the power market is improving and the company should see accretion from the Pepco (POM) deal.
Deustche upgraded the stock to "buy" from "hold" and set a $38 price target. The firm calls the company a core play on a long-awaited market recovery.
The stock was up 2.54% to $35.92 at 9:36 a.m. on Thursday.
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Separately, TheStreet Ratings team rates EXELON CORP as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate EXELON CORP (EXC) a BUY. This is driven by several positive factors, 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 impressive record of earnings per share growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, notable return on equity and compelling growth in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows: