Exelon (NASDAQ:EXC) Price Target Cut to $39.00

Exelon Corporation (EXC) is an American multinational electric utility company headquartered in Chicago, Illinois. The company operates primarily in the Midwest and Northeast regions of the United States, serving more than 3.7 million customers in Delaware, District of Columbia, Maryland, Massachusetts, New Hampshire, New Jersey, Pennsylvania, Rhode Island, Virginia, and Washington, D.C.

On Thursday, research analysts at Wells Fargo & Company released a report on Exelon NASDAQEXC, cutting the stock's target price from $41.00 to $39.00. The brokerage currently has an "equal weight" rating on the stock, which means they believe that the stock is performing in line with its peers.

Wells Fargo & Company's target price suggests a potential upside of 7.94% from the current stock price of $36.50. This indicates that the brokerage believes that Exelon's stock has room for growth, but not as much as previously thought.

It is important to note that research analysts at Wells Fargo & Company are just one source of information and their opinions may vary from other analysts or industry experts. Additionally, past performance is not a guarantee of future results and investors should always conduct their own due diligence before making any investment decisions.