Wells Fargo downgrades Pepco Holdings (POM -2.2%) to Market Perform from Outperform citing...

|About: Pepco Holdings, Inc. (POM)|By:, SA News Editor

Wells Fargo downgrades Pepco Holdings (POM -2.2%) to Market Perform from Outperform citing valuation, and adding it hasn't changed its underlying belief that a sharpened focus on the regulated business will bear fruit for Pepco over time.