Morgan Stanley Maintains Overweight on Exelon, Lowers Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd has maintained an Overweight rating on Exelon (NASDAQ:EXC) but lowered the price target from $45 to $42.
October 25, 2023 | 12:28 pm
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Exelon's price target has been lowered from $45 to $42 by Morgan Stanley, though the Overweight rating is maintained.
The news is directly about Exelon and is likely to impact its stock. While the Overweight rating indicates that Morgan Stanley expects the stock to outperform, the lowering of the price target might create some negative sentiment among investors, potentially putting some downward pressure on the stock in the short term.
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