Constellation Energy price target raised to $359 from $337 at KeyBanc

KeyBanc raised the firm’s price target on Constellation Energy (CEG) to $359 from $337 and keeps an Overweight rating on the shares. The firm notes the company posted Q2 results slightly ahead of consensus, and reiterated its 2025 and long-term guidance. Shares were slightly down as the company did not announce a deal, but KeyBanc expects one to be announced by year-end as the company highlighted two, with one specifically in the late stages.

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