Constellation Energy price target raised to $171 from $137 at BMO Capital

BMO Capital analyst James Thalacker raised the firm’s price target on Constellation Energy to $171 from $137 and keeps an Outperform rating on the shares. The company has provided a comprehensive update, including the official roll-out of its new “Base” and “Enhanced” EPS-based metrics, and the firm continues to see Constellation Energy being uniquely positioned to leverage the intrinsic and extrinsic value of its carbon-free assets and commercial portfolio, the analyst tells investors in a research note.