Exelon’s Price Target after Its 4Q16 Earnings

According to Wall Street analysts, Exelon (EXC) has a mean price target of $38.45, as compared to its current market price of $35.23. This implies an estimated upside of more than 9% in one year.

Of the 22 analysts tracking Exelon, eight recommended a “hold,” whereas nine recommended a “buy,” and five recommended a “strong buy.” None of the analysts have a “sell” recommendation on Exelon as of February 9, 2017.

Analysts expect a rise of 16% in FirstEnergy (FE) over the next year. This is one of the highest expected upsides among S&P 500 utilities (XLU). According to analysts’ estimates, it has a mean estimated price target of $34.78, as compared to its current market price of $30.00.

Notably, Dominion Resources (D) stock fell on its 4Q16 earnings day, after its management conveyed a gloomy outlook for 2017. For more, please read Market Realist’s Dominion Resources’ 4Q16 Revenues Rose 20% but Stock Fell 6%.

To learn more about FirstEnergy’s recent doom and gloom, check out Market Realist’s Do FirstEnergy’s New Lows Spell New Opportunity?