Raymond James analyst J.R. Weston lowered the firm’s price target on Constellation Energy (CEG) to $392 from $406 and keeps an Outperform rating on the shares. Q1 is expected to be mixed across the IPP group, with limited broader read-through, the analyst tells investors in a research note. Constellation Energy is expected to come in broadly in line despite some opacity around Calpine, the firm says.
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