3 Stocks to Watch: ON Semiconductor Corp (NASDAQ:ONNN); Abbott Laboratories (NYSE:ABT) And Exelon Corporation (NYSE:EXC)

Boston, MA, 02/24/2014 – Drexel Hamilton has commenced coverage of the semiconductor company, ON Semiconductor Corp (NASDAQ:ONNN). The research firm has placed a ‘Buy’ rating over it with a price target of $12 per share. Apart from Drexel Hamilton, an analyst at Wedbush Securities have also issued a rating overview about the company. In their research report, the analyst reiterated ‘Outperform’ rating for ON Semiconductor Corp (NASDAQ:ONNN) and have also increased their set price target from $10 to $13 now. This comes in light of an optimistic investor meeting held last week with the company’s Chief Financial Officer Berberd Gutmann.

On Friday, Abbott Laboratories (NYSE:ABT) declared a quarterly cash dividend at the rate of $0.22 per share, much in the line with its previous dividends. The Board of Directors of Abbott Laboratories (NYSE:ABT) has set the pay out date as May 15, 2014 and the same will be payable to the shareholders as on the record date April 15′ 2014.

Exelon Corporation (NYSE:EXC) is one among the U.S. energy suppliers who have been facing risk of closure of some of their uneconomic nuclear plants. The industry leaders have warned that some nuclear plants may have to be shut down as they suffer economic viability due to lower electricity prices, fierce competition from cheap gas and at times due to political opposition. Currently, Exelon Corporation (NYSE:EXC)’s Clinton and Quad Cities plant in Illinois is seen at potentially high risk of being shut down. With the passage of time nuclear plants are finding it hard to compete with gas-fired plants and the solar and wind plants, which are backed up by the regulatory mandates. The country has a certain regulatory system in place in 20 states, where electricity markets are competitive and therefore, driving the Nuclear plants under pressure. This highlights the possibility of morenuclear plant closures in the next five years.

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