Exelon price target raised to $44 from $42 at Scotiabank

Scotiabank raised the firm’s price target on Exelon (EXC) to $44 from $42 and keeps a Sector Perform rating on the shares. The firm is “impressed” with the recent developments at the company, the analyst tells investors. Dividend growth outlook, however, is more moderate than expected and, while the capex update was solid, it was more moderate than its peers, the firm adds.