Exelon Corporation Price Target Raised at RBC Capital

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.