Exelon price target raised to $57 from $52 at Jefferies

Jefferies raised the firm’s price target on Exelon (EXC) to $57 from $52 and keeps a Buy rating on the shares. Less constructive investors have highlighted challenges in Illinois and Maryland, but overlook the strength of Pennsylvania, says the analyst, who argues that consensus does not appreciate a Pennsylvania PECO step-up around FY28. Exelon is “one of the best value opportunities at -10% discount but is out of favor,” the analyst contends.