Talen Energy price target raised to $457 from $456 at Raymond James

Raymond James raised the firm’s price target on Talen Energy (TLN) to $457 from $456 and keeps an Outperform rating on the shares. Q1 is expected to be mixed across the IPP group, with limited broader read-through, the analyst tells investors in a research note. Talen Energy appears best positioned for a clean print supported by acquisitions, higher PJM capacity revenues, and a heavily hedged profile, the firm says.