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Exelon (EXC) -5.1% premarket after Deutsche Bank downgrades shares to Hold from Buy with a $34...

Exelon (EXC) -5.1% premarket after Deutsche Bank downgrades shares to Hold from Buy with a $34 price target, down from $38, citing Friday's "thesis-altering" PJM capacity auction results. The firm says lower RPM revenues will present headwinds in 2016-17, and another surge of new committed gas plants and imports in 2016 is "a big risk that may offset energy price upside expected from coal plant retirements."
Comments (3)
  • jmodrkrk
    , contributor
    Comments (94) | Send Message
     
    $EXC the dog that keeps on giving.
    28 May 2013, 09:07 AM Reply Like
  • MexCom
    , contributor
    Comments (3054) | Send Message
     
    I guess they are now bullish on it after having pushed it down well below their new target price with one of the best covered dividends in the industry. I transferred some to my Roth IRA to take a lower tax bite than waiting for it to recover and pay the ultimate taxes when and if ever needed. But at least all the dividends will now be completely tax free.
    28 May 2013, 12:22 PM Reply Like
  • baron40
    , contributor
    Comments (45) | Send Message
     
    Exc stock price is being manipulated.
    28 May 2013, 09:27 PM Reply Like
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