Morgan Stanley lowered the firm’s price target on Exelon (EXC) to $48 from $49 and keeps an Equal Weight rating on the shares. The firm is updating its price targets for stocks in the Regulated & Diversified Utilities / IPP North America sector under its coverage, the analyst tells investors. Utilities continue to see strong interest from both data centers and large load customers, the firm notes. Additionally, management teams believe any changes to the IRA are manageable, with many companies with safe harboring in place, the firm adds.
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Read More on EXC:
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- Exelon price target raised to $50 from $46 at Wells Fargo
- Exelon Corp. Reports Strong Q1 2025 Earnings
- Exelon Corp’s Earnings Call Highlights Strong Growth and Strategic Progress
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