Top Gainers: 5 Stocks to Watch on Wednesday

3. Exelon Corporation (NASDAQ:EXC) has moved up 1.99% as of 12:04 PM ET after the Chicago, Illinois-based diversified utility company was upgraded from a Neutral to an Overweight rating by Jeremy Tonet at JPMorgan. The analyst increased the price target on Exelon Corporation (NASDAQ:EXC) from $47 to $55. The new target price implies a potential upside of 11.11% from the last closing price. In a note issued to investors earlier today, Tonet highlighted that during its transition as a pure-play in the regulated utility industry, Exelon Corporation (NASDAQ:EXC) has been able to refocus on its core operations around an ‘advantaged’ transmission and distribution system.

On a sequential basis, the number of hedge funds invested in Exelon Corporation (NASDAQ:EXC) increased by 11 to 47 funds as of Q4 2021.