Exelon (EXC) Downgraded to ‘Peer Perform’ at Wolfe Research

Exelon Corporation (NASDAQ:EXC) is included among the 10 High Yield Utility Stocks to Buy in 2026.

Exelon Corporation (NASDAQ:EXC) is one of the country’s largest utility companies, serving more than 10.7 million customers through six fully regulated transmission and distribution utilities.

On January 27, Wolfe Research downgraded Exelon Corporation (NASDAQ:EXC) from ‘Outperform’ to ‘Peer Perform’, without assigning the stock a price target. The analyst believes that EXC’s utility will be held back by the political and regulatory ‘noise’ in its key states, in addition to its below-average earnings growth of 5%-7%. Wolfe expects the utility’s 2026 guidance to be in line with forecasts.

Exelon Corporation (NASDAQ:EXC) received a setback also on January 22 when Barclays analyst Nicholas Campanella lowered the firm’s price target on the stock from $52 to $50, but maintained an ‘Overweight’ rating on the shares. The revised target, which still indicates an upside of over 11% from the current share price, comes as the analyst firm updated targets in the power and utilities group as part of a Q4 preview.

Similarly, earlier on January 20, Wells Fargo analyst Shahriar Pourreza also reduced the firm’s price target on Exelon Corporation (NASDAQ:EXC) from $52 to $51, while maintaining an ‘Overweight’ rating on the shares.

READ NEXT: 10 Best Performing Utility Stocks in 2025 and 11 Best Energy Stocks to Buy for Dividends in 2026.

Disclosure: None.