Constellation Energy price target raised to $237 from $207 at Morgan Stanley

Morgan Stanley analyst David Arcaro raised the firm’s price target on Constellation Energy to $237 from $207 and keeps an Overweight rating on the shares. The firm is updating some of its price targets on Regulated & Diversified Utilities, noting utilities have outperformed the S&P’s -3.89% return by approximately 642 bps, the analyst tells investors.