Constellation Energy price target raised to $375 from $350 at BMO Capital

BMO Capital analyst James Thalacker raised the firm’s price target on Constellation Energy (CEG) to $375 from $350 and keeps an Outperform rating on the shares after its Q2 earnings beat. The management also reaffirmed its full-year 2025 adjusted operating earnings range outlook, which is largely consistent with the consensus estimate, the analyst tells investors in a research note. With the closing of the Calpine transaction in Q4 and the benefits to cash flow from the provisions in the OBBBA, BMO sees a “materially higher” free cash flow outlook, the firm added.