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Exelon Corporation Price Target Raised at RBC Capital
Jan 5, 2022 12:02 AM - Davit Kirakosyan(Last modified: Dec 19, 2023 6:49 PM)
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According to RBC Capital analysts, the separation of Constellation Energy from Exelon Corporation (NASDAQ:EXC) is quickly approaching. The analysts believe that the key ingredient that could drive the combined stock price higher is the passage of the $1.85 trillion Build Back Better (BBB) Act, in particular the introduction of nuclear production tax credits (PTCs).
The analysts raised their price target on the company to $60 from $51, assuming a 33% probability of supportive PTCs.
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