Exelon Corporation (NASDAQ:EXC) is included among the Top 12 Undervalued Dividend Stocks to Buy Now.
Exelon Corporation (NASDAQ:EXC) is one of the country’s largest utility companies, serving more than 10 million customers through six fully regulated transmission and distribution utilities
On May 15, TD Cowen trimmed its price target on Exelon Corporation (NASDAQ:EXC) from $51 to $49, but kept a ‘Hold’ rating on the shares. The lowered target, which still reflects an upside of 13% from the current price level, comes after the analyst firm updated its models in the utilities group following the Q1 earnings season. TD Cowen increasingly expects utilities to deliver incremental growth on a cost-neutral basis.
The firm expects a faster pace of capital plan increases, but cautions against the issue of over-promising. The target cut comes despite Exelon Corporation (NASDAQ:EXC) reporting strong results for its Q1 2026 on May 6, with the company exceeding estimates in both earnings and revenue. The company reaffirmed its operating earnings guidance of $2.81 to $2.91 per share for FY 2026.