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FINWIRES

Exelon Shares Fall After Multiple Downgrades

-- Exelon (EXC) shares were down around 1.2% in late Friday trading after multiple brokerages downgraded the energy provider.

Barclays downgraded the stock to equalweight from overweight and cut its price target to $49 from $50. BMO Capital also lowered its rating to market perform from outperform, adjusted price target to $49 from $52. Mizuho downgraded the company to neutral from outperform and trimmed price target to $48 from $51.

Trading volume stood at over 10 million shares compared with a daily average of about 8.8 million shares.

Price: $46.90, Change: $-0.70, Percent Change: -1.46%

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