Barclays raised the firm’s price target on Talen Energy (TLN) to $418 from $353 and keeps an Overweight rating on the shares. The firm adjusted power and utility models post the Q2 reports. The strategic deals Talen completed in 2025 with Amazon Web Services, the acquisition of two gas plants and the most recent capacity auction results should drive its pro forma EBITDA to $2B by 2026, the analyst tells investors in a research note.
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