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

|About: Exelon Corporation (EXC)|By:, SA News Editor

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."