Exelon price target raised to $50 from $43 at Mizuho

Mizuho analyst Anthony Crowdell raised the firm’s price target on Exelon (EXC) to $50 from $43 and keeps an Outperform rating on the shares. The firm believes Exelon will further re-rate to a premium multiple given that it has no significant regulatory activity in 2025 and is a pure-play wires and pipes company “providing relative safety in a risk-off tape.” The company also offers little wildfire risk, the analyst tells investors in a research note.