Bank of America Securities Keeps Their Buy Rating on Constellation Energy Corporation (CEG)
In a report released today, Ross Fowler from Bank of America Securities maintained a Buy rating on Constellation Energy Corporation, with a price target of $407.00.
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According to TipRanks, Fowler is a 4-star analyst with an average return of 6.0% and a 59.81% success rate. Fowler covers the Utilities sector, focusing on stocks such as Vistra Corp, Eversource Energy, and Talen Energy Corp.
In addition to Bank of America Securities, Constellation Energy Corporation also received a Buy from UBS’s William Appicelli in a report issued on January 20. However, yesterday, TipRanks – Google downgraded Constellation Energy Corporation (NASDAQ: CEG) to a Hold.
Based on Constellation Energy Corporation’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $7.18 billion and a net profit of $930 million. In comparison, last year the company earned a revenue of $6.55 billion and had a net profit of $1.2 billion
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