BMO Capital raised the firm’s price target on Constellation Energy (CEG) to $337 from $291 and keeps an Outperform rating on the shares. The company reported an in-line Q1, and the most important takeaway for Constellation and the broader sector was management’s discussion that they were “nearing long-term agreements with customers to their available carbon-free supply”, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CEG:
- Constellation Energy: Strategic Positioning and Growth Potential Drive Buy Rating
- Administration weighs executive orders to speed nuclear plants, NY Times reports
- Constellation Energy price target raised to $320 from $283 at UBS
- Promising Outlook for Constellation Energy: Buy Rating Backed by Strong EPS Growth and Market Sentiment
- Positive Outlook for Constellation Energy: Buy Rating Backed by Strategic Acquisitions and Market Dynamics