UBS Downgrades Exelon to Neutral, Lowers Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Daniel Ford has downgraded Exelon (NASDAQ:EXC) from Buy to Neutral and reduced the price target from $47 to $37.
January 02, 2024 | 1:48 pm
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Exelon downgraded by UBS from Buy to Neutral with a price target decrease from $47 to $37.
The downgrade by UBS from Buy to Neutral suggests a less optimistic outlook on Exelon's stock, which could lead to reduced investor confidence and a potential decrease in stock price. The significant reduction in price target from $47 to $37 further emphasizes a bearish view on the stock's value, likely influencing short-term trading sentiment negatively.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100