Exelon price target raised to $47 from $46 at Scotiabank

Scotiabank raised the firm’s price target on Exelon (EXC) to $47 from $46 and keeps a Sector Perform rating on the shares. While the firm is impressed by the company’s “strong” Q4 update, Scotiabank remains on the sidelines given headline risks related to affordability challenges in all jurisdictions as well as regulatory uncertainty in key states.