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Guggenheim upgrades Exelon (NASDAQ: EXC) to Buy despite slow utilities sector growth
Image Source: Pexels
Equity analyst Guggenheim has upgraded Exelon Corp to a ‘buy’ rating, despite the utilities sector reporting slower growth as compared to the broader market. Exelon is a utilities sector company that operates through six fully regulated distribution channels.
Data available on Refinitiv suggests that Guggenheim has a mean recommendation rating of 2.2 on a scale of one to five. Among the eighteen analysts that have covered EXC, four recommend a ‘strong buy’ rating on it, seven recommend a ‘buy’ rating and six recommend a ‘hold’ rating on it. One of the analysts has suggested selling the stock, while none of the analysts have given it a ‘strong sell’ rating.
Exelon has a consensus mean price target of US$ 45.39, as on July 10, 2023. This marks an upside of 10.82% on Exelon’s closing price on Friday, July 7, 2023.
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