Talen Energy price target raised to $315 from $250 at Oppenheimer

Oppenheimer analyst Ian Zaffino raised the firm’s price target on Talen Energy (TLN) to $315 from $250 and keeps an Outperform rating on the shares. An upsized Susquehanna/AWS PPA, the opportunity to sign a data center deal at Montour, and the potential for M&A give the firm confidence Talen’s shares can trade higher. The upsized PPA adds $40/share of incremental value, and a Montour deal could add another $30/share-plus of value. Separately, M&A activity in PJM remains robust, and Talen could participate, as a way to expand generation capacity. Separately, the 2026/2027 PJM BRA represents another catalyst, and could clear near the price cap of $325/MW-day, Oppenheimer adds.