NEW YORK () -- Shares of Exelon () are increasing by 2.58% to $37.40 in afternoon trading on Friday, as the company was upgraded to "buy" from "hold" at Deutsche Bank this morning.
The firm also hiked its price target for the Chicago-based energy company to $39 from $37.
Deutsche Bank analysts added that they remain highly selective on which regulated utilities stocks they favor, but prefer NextEra Energy (NEE) for its secular growth and CMS Energy (CMS) due to its "superior quality," among others.
"While the overall group is no doubt vulnerable to a major shift in the macros and rate outlook, risks...
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