UBS raised the firm’s price target on Talen Energy (TLN) to $366 from $296 and keeps a Buy rating on the shares. Talen Energy appears well-positioned to benefit from strong power fundamentals through its long-term nuclear contract with AWS and its other balanced mix of gas and coal assets in PJM, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TLN:
- Sunrun to trade toward ‘bear case’ if SenFin language holds, says Morgan Stanley
- McDonald’s downgraded, Oracle upgraded: Wall Street’s top analyst calls
- Talen Energy initiated with an Outperform at Raymond James
- Talen Energy price target raised to $300 from $243 at Morgan Stanley
- Talen Energy’s Strategic Contract Expansion with Amazon Web Services Boosts Growth Prospects and Valuation