Exelon (EXC) Price Target Lowered at TD Cowen Despite Strong Q1

Exelon Corporation (NASDAQ:EXC) is 1 of the country’s largest inferior companies, serving much than 10 cardinal customers done six afloat regulated transmission and organisation utilities.

On May 15, TD Cowen trimmed its terms people connected Exelon Corporation (NASDAQ:EXC) from $51 to $49, but kept a ‘Hold’ standing connected the shares. The lowered target, which inactive reflects an upside of 13% from the existent terms level, comes aft the expert steadfast updated its models successful the utilities radical pursuing the Q1 net season.

TD Cowen progressively expects utilities to present incremental maturation connected a cost-neutral basis. The steadfast expects a faster gait of superior program increases, but cautions against the contented of over-promising.

The people chopped comes contempt Exelon Corporation (NASDAQ:EXC) reporting beardown results for its Q1 2026 connected May 6, with the institution exceeding estimates successful some net and revenue. The institution reaffirmed its operating net guidance of $2.81 to $2.91 per stock for FY 2026. Moreover, the inferior is targeting an annualized net maturation of 5% to 7% done 2029, with the anticipation of being adjacent the apical extremity of that range.

Exelon Corporation (NASDAQ:EXC) is forecasting $41.7 cardinal of superior expenditures implicit the adjacent 4 years, resulting successful expected complaint basal maturation of 7.9%.

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