Exelon price target lowered to $52 from $53 at Morgan Stanley

Morgan Stanley analyst David Arcaro lowered the firm’s price target on Exelon (EXC) to $52 from $53 and keeps an Equal Weight rating on the shares. The firm is updating its price targets for Regulated & Diversified Utilities / IPPs in North America under its coverage, noting utilities underperformed the S&P’s return in October, the analyst tells investors.