Morgan Stanley Lowers Exelon Price Target to $52
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TL;DR
Morgan Stanley lowered Exelon's price target to $52 due to utilities sector underperformance, despite strong Q3 results and maintained long-term earnings growth guidance.
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Exelon
Morgan Stanley trimmed Exelon Corporation's (EXC) price target from $53 to $52 and maintained an 'Equal Weight' rating. The adjustment was due to the utilities sector underperforming the overall market last month. Exelon reported better-than-expected Q3 results and reaffirmed its operating earnings guidance for FY 2025. The company targets an annualized operating earnings growth rate of 5% to 7% through 2028.
