Goldman Sachs analyst Carly Davenport has reaffirmed a Sell rating on Exelon (EXC) with a price target of $44.00. Davenport, who covers the Utilities sector, has a track record of recommending stocks with an average return of -2.3% and a 44% success rate, according to TipRanks.
The current analyst consensus on Exelon is a Hold, with an average price target of $47.09. This contrasts with Davenport's more bearish outlook. Exelon recently reported its quarterly earnings for the period ending June 30, showing revenue of $5.97 billion and a net profit of $396 million. This represents a slight improvement from the previous year, when the company earned $5.43 billion in revenue and $391 million in net profit.