KeyBanc upgraded Constellation Energy to Overweight from Sector Weight with a $190 price target post the Q4 results. The company has crystallized its growth strategy, underpinned by the existing nuclear and long-term trends in the U.S. power markets, the analyst tells investors in a research note. The firm says Constellation expects to grow earnings at “at least” a 10% rate through 2028, which would position it as a premium infrastructure company.
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