Exelon upgraded to Hold from Underperform at Jefferies Jefferies upgraded Exelon to Hold citing an commodity outlook for forward power prices. The firm raised its price target for shares to $37.50 from $29.
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PJM proposal bullish data point for generators, says Deutsche Bank Deutsche Bank notes PJM late Wednesday proposed capacity market reforms in response to poor reliability performance by generators. Deutsche views the proposal as a bullish data point for generators with a weighting towards highly reliable baseload capacity. The firm has Buy ratings on Exelon (EXC) and PSEG (PEG).