Argus starts Constellation Energy at Buy on valuable presence in energy shift

As previously reported, Argus initiated coverage of Constellation Energy with a Buy rating and $240 price target. Constellation Energy as a well-run, financially strong company that has an impressive history and valuable presence in its emerging industry, and the company is poised to take advantage of the global transition to carbon-free energy, the analyst tells investors in a research note. Constellation’s near-term results have been encouraging, as electricity demand increases from data centers empowering AI, the firm added.