Morgan Stanley Lowers Price Objective On Exelon Corporation (EXC)

Exelon Corporation (NASDAQ:EXC) is among 10 Best Performing Electrical Infrastructure Stocks in 2025. 

Morgan Stanley reduced their price objective for Exelon Corporation (NASDAQ:EXC) to $49 from $52, retaining an Equal Weight rating, according to TheFly on December 16, 2025. As per analyst David Arcaro, data centers are going to fuel utility performance and growth in 2026, as stated in a year-ahead note.

On December 12, 2025, TheFly reported that KeyBanc reaffirmed its Underweight rating and reduced its price target for Exelon Corporation (NASDAQ:EXC)  from $42 to $39.

According to the firm, the rating is in line with its broader industry thesis, which favors vertically integrated utilities and independent power producers over wire-only firms like Exelon Corporation (NASDAQ:EXC) . Even though the business is trading at a significant discount to its competitors, KeyBanc pointed out that political constraints and several gubernatorial elections in its operational footprint are anticipated to limit near-term multiple growth.

KeyBanc added that due to the nature of Exelon Corporation (NASDAQ:EXC)’s wires-only business, a growth rate modification is unlikely in the foreseeable future. The firm also stated that it is unclear in the near future if the business would be permitted to take part in state-level solicitations, which further restricts upside in its opinion.

Exelon Corporation (NASDAQ:EXC) provides power and gas to over 10 million consumers through its six regulated utilities in Illinois, Pennsylvania, New Jersey, Maryland, Delaware, and Washington, D.C.

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