Exelon (EXC -1.5%) is downgraded to Sell from Neutral with a $31 price target at Citigroup,...

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

Exelon (EXC -1.5%) is downgraded to Sell from Neutral with a $31 price target at Citigroup, driven by its Street-low forecasted EPS outlook of $2.25 in 2014. The firm believes CENG O&M costs are not fully reflected in Street estimates. The downgrade is valuation driven; the firm says it has not changed its fundamental view of the company.