Constellation Energy price target raised to $104 from $91 at Wells Fargo

Wells Fargo analyst Neil Kalton raised the firm’s price target on Constellation Energy to $104 from $91 and keeps an Overweight rating on the shares. The analyst notes it was "a straightforward" Q3 update from Constellation Energy as management narrowed the 2022 EBITDA guidance range and further touted the benefits of the IRA on the company’s carbon-free nuclear fleet.