Talen Energy price target raised to $185 from $145 at BWS Financial

BWS Financial raised the firm’s price target on Talen Energy to $185 from $145 and keeps a Buy rating on the shares after the company held an investor day, where management laid out the free cash flow the company should generate over the next two years. Talen is forecasting 2025 adjusted EBITDA of $926M-$1.175B and expected free cash flow over the next couple of years is powering it to raise their stock buyback program by $1.1B, notes the analyst.