Raymond James analyst J.R. Weston initiated coverage of Talen Energy (TLN) with an Outperform rating and $314 price target The upcoming 2025-2026 auction could clear at the $325/MW-day cap, a near-term catalyst, the analyst tells investors in a research note. In a market that’s favoring acquirers, particularly with Talen’s story and equity value boosted by the recent AWS deal, Talen’s M&A potential, whether as an acquirer or a target, adds additional upside to the thesis, the firm says.
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