Constellation Energy price target raised to $247 from $200 at BMO Capital

BMO Capital raised the firm’s price target on Constellation Energy to $247 from $200 and keeps an Outperform rating on the shares. The company did not update its financial outlook despite a strong start to the year and strong forward commodity curves, but it should address these positive drivers concurrent with any earnings guidance revisions in the second half of the year, the analyst tells investors in a research note.