Exelon

Wunderlich Securities has initiated coverage on Exelon Corporation (NYSE: EXC) with a Buy rating and $47 price target.

Wunderlich Securities lowered its 2011 earnings per share estimates on Constellation Energy (NYSE: CEG) after worse than expected Q1 results. Wunderlich raised its earnings per share estimates for the next two year, however, leaving its rating unchanged at Hold. Wunderlich stressed ongoing merger...

According to Goldman Sachs, Exelon (NYSE: EXC) estimates are updated. Goldman Sachs said that the updated estimates reflect: (1) 1Q2011 earnings results, (2) updated hedging levels, given EXC layered on roughly 6% more in hedges from 4Q2010 levels, (3) slightly higher expected nuclear output and (...

Wunderlich Securities upgraded its price target for Constellation Energy Group (NYSE: CEG) from $36 to $39 in a report published today. In the same report, Wunderlich downgraded Constellation's rating from Buy to Hold. As one of the reasons for its decision, Wunderlich highlighted Constellation's...

According to Jefferies, Exelon (NYSE: EXC) posted 2011 quarters. Jefferies reported that it is maintaining its 2011 EPS estimate of $4.10. “Our estimate is slightly above the mid-point of the company's newly initiated guidance range of $3.90-$4.20. We are maintaining our 2012 EPS estimate of $2.95...

Goldman Sachs reiterates its Sell rating on shares of Exelon Corp. (NYSE: EXC) “due to lackluster growth, unattractive valuation and our view of limited upside from the upcoming auctions.” Exelon closed Friday at $40.44.

Deutsche Bank is out with its report today on Exelon (NYSE: EXC), maintaining Hold. In a note to clients, Deutsche Bank writes, "Exelon expects to incur higher costs at its nuclear facilities as a result of the crisis at the Fukushima Daiichi nuclear facility in Japan, but is not yet in a position...

Morgan Stanley is discontinuing coverage of the following companies: Hawaiian Electric Industries Inc. (NYSE: HE), which closed Thursday at $23.67. Exelon Corp. (NYSE: EXC), which closed Thursday at $40.18. Wisconsin Energy Corp. (NYSE: WEC), which closed Thursday at $29.45.

Jefferies & Company has raised the price target on Exelon (NYSE: EXC) from $44 to $46.50 and maintains its Buy rating.

Dahlman Rose has initiated coverage on the domestic hybrid electric utility sector and remains cautious. In the report, Dahlman Rose writes "We are initiating coverage of domestic hybrid electric utilities – companies with both regulated service territories and merchant generating fleets. We form...

Jefferies is upgrading Exelon Corporation (NYSE: EXC) to Buy from Hold based on the company's above average yield of 5.3%, which is roughly 100 basis points higher than the utility group average yield. “Exelon represents a free option on possible recovery in US power markets, which have suffered...

Jefferies is out with its research report today on Exelon (NYSE: EXC) in which it views EXC as fairly valued based on account pricing upside from improving capacitiy values and the likilihood of legislation restricting carbon emissions. In a note to clients, Jefferies writes, "The $42.50 price...

Based on Exelon Corporation's (NYSE: EXC) revised '10 EPS guidance, updated hedge disclosures and changes in power prices since last quarter, Wells Fargo Securities said that its new 10E-14E EPS are $4.05, $3.95, $2.85, $2.60 and $2.50 versus $3.90, $3.90, $2.95, $2.65 and $2.60, previously. “Our...

In a report released this morning, Deutsche Bank said that it is maintaining its price target for Exelon Corporation (NYSE: EXC). “Our current price target attributes $13 to the Utilities and $29 to Generation,” Deutsche Bank writes. “This includes $7 as a proxy for the value that would be realized...

JP Morgan has issued a research report on Electric Utilities for 3Q earnings outlook and estimates. In the report, JP Morgan writes "We expect electric utility stocks to avoid the inverse performance the stocks saw versus the S&P 500 earlier this year, when the UTY fell by ~3% while the S&P...