Exelon price target lowered to $55 from $56 at Morgan Stanley

Morgan Stanley analyst David Arcaro lowered the firm’s price target on Exelon (EXC) to $55 from $56 and keeps an Equal Weight rating on the shares. The firm is updating the price targets for Regulated & Diversified Utilities / IPPs in North America under its coverage, the analyst tells investors. In March, utilities outperformed the S&P’s return.