Barclays Increases Price Target for Constellation Energy Amid Positive Earnings Outlook
Barclays raised its price target for Constellation Energy (CEG) to $360 from $356, citing positive earnings estimates and a conservative long-term earnings outlook. Analysts remain bullish on the stock, with over 85% maintaining 'Buy' ratings and a consensus price target of $388. The stock has declined slightly, but Barclays suggests this reflects near-term pessimism rather than long-term concerns.
Tickers: $CEG
Topics: analyst ratings earnings outlook energy sector price target stock analysis