Exelon price target raised to $51 from $49 at Morgan Stanley

Morgan Stanley analyst David Arcaro raised the firm’s price target on Exelon (EXC) to $51 from $49 and keeps an Equal Weight rating on the shares. The firm is updating its Regulated & Diversified Utilities / IPPs in North America under its coverage, noting utilities underperformed the S&P’s return in December, the analyst tells investors.