B of A Securities Maintains Neutral on Exelon, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Paul Zimbardo has maintained a Neutral rating on Exelon (NASDAQ:EXC) but lowered the price target from $38 to $36.

January 19, 2024 | 4:06 pm
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NEGATIVE IMPACT
Exelon's price target has been reduced from $38 to $36 by B of A Securities, although the Neutral rating is maintained.
A lowered price target can often be interpreted by the market as a sign that the stock's future performance may not be as strong as previously expected. However, since the rating remains Neutral, the impact may be somewhat muted compared to a downgrade. The adjustment in price target is specific and directly related to Exelon, hence the high relevance and importance. The confidence level is high due to the direct mention of Exelon and the clear action taken by the analyst.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100