Morgan Stanley has adjusted its price target for Exelon Corporation (EXC, Financial), increasing it from $48 to $49, while maintaining an Overweight rating on the utility giant's shares. The revision comes as part of the firm's broader update on price targets across North America's Regulated & Diversified Utilities and Independent Power Producers (IPPs) sector.
According to Morgan Stanley, utilities have shown resilience by outperforming the S&P index in March. Despite the absence of significant financial announcements expected for the first quarter, attention within the sector is likely to converge on tariff risks. This period is considered relatively subdued, with industry analysts and investors focusing more on policy and regulatory developments rather than immediate financial performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Exelon Corp (EXC, Financial) is $46.11 with a high estimate of $52.00 and a low estimate of $41.00. The average target implies an downside of 1.77% from the current price of $46.94. More detailed estimate data can be found on the Exelon Corp (EXC) Forecast page.
Based on the consensus recommendation from 19 brokerage firms, Exelon Corp's (EXC, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Exelon Corp (EXC, Financial) in one year is $48.08, suggesting a upside of 2.43% from the current price of $46.94. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Exelon Corp (EXC) Summary page.
