Constellation Energy price target raised to $375 from $350 at Argus

Argus analyst John Eade raised the firm’s price target on Constellation Energy (CEG) to $375 from $350 and keeps a Buy rating on the shares. The company recently reported adjusted Q2 results that rose 14% y/y and is also planning to grow through the acquisition of gas generation company Calpine later this year, the analyst tells investors in a research note.