Constellation Energy price target raised to $116 from $106 at Mizuho

Mizuho raised the firm’s price target on Constellation Energy to $116 from $106 and keeps a Neutral rating on the shares. The analyst believes companies with strong free cash flow and “clean” balance sheets can “provide a haven for utility-dedicated investors to navigate choppy waters.” Constellation is a name that comes to mind for the interim, but the stock is reflective of fair value at these levels, the analyst tells investors in a research note.