According to Goldman Sachs, Exelon EXC estimates are updated.
Goldman Sachs said that the updated estimates reflect: (1) 1Q2011 earnings results, (2) updated hedging levels, given EXC layered on roughly 6% more in hedges from 4Q2010 levels, (3) slightly higher expected nuclear output and (4) updated O&M growth assumptions. “We do not view these changes as material – as the impact on our longterm forecasts remains modest. We remain Not Rated on Exelon Corp (EXC).”
Exelon closed yesterday at $42.17.
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