BMO Capital Reiterates Outperform Rating on Constellation Energy (CEG)

BMO Capital analyst James Thalacker reiterated an Outperform rating and $248.00 price target on Constellation Energy (NASDAQ: CEG).

The analyst commented, "We had the pleasure of hosting meetings with CEG senior management last week. In attendance was President/CEO Joe Dominguez, EVP/CFO Dan Eggers, and SVP/IR Emily Duncan. Our meetings touched upon three main areas including: 1) Upside to the company’s near-term and longer-term earnings and cashflow outlook; 2) current and longer-term power market fundamentals; and 3) the evolution of data center-related demand where the continued growth in scale will need scale supply solutions with carbon free attributes. We address each of these topics in more detail inside. Target price remains $248/share."

For an analyst ratings summary and ratings history on Constellation Energy click here. For more ratings news on Constellation Energy click here.

Shares of Constellation Energy closed at $198.00 yesterday.

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