Exelon upgraded at Wells Fargo, citing helpful nuclear power legislation

Posted by By at 8 April, at 09 : 32 AM Print

Exelon (EXC +0.5%) edges higher after Wells Fargo upgrades shares to Outperform from Market Perform with a $57 price target, raised from $50, as the firm points to several factors including new supportive nuclear-related legislative initiatives, particularly in Illinois, where 60% of the nuclear capacity of the company’s ExGen subsidiary is located.

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Tom Owad is owner of Schnitz Technology, an IT consultancy providing Mac OS X and Linux support in south-central Pennsylvania. He is also the webmaster of Applefritter, a 25,000-member tech community, and author of Apple I Replica Creation: Back to the Garage. - Email owad

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