Analysts Offer Insights on Utilities Companies: NRG Energy (NRG) and Constellation Energy Corporation (CEG)
There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on NRG Energy (NRG) and Constellation Energy Corporation (CEG) with bullish sentiments.
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NRG Energy (NRG)
Citi analyst Ryan Levine assigned a Buy rating to NRG Energy today and set a price target of $180.00. The company’s shares closed last Tuesday at $151.13.
According to TipRanks.com, Levine is a 4-star analyst with an average return of
Currently, the analyst consensus on NRG Energy is a Strong Buy with an average price target of $200.18, a 32.6% upside from current levels. In a report issued on March 18, Wolfe Research also upgraded the stock to Buy with a $190.00 price target.
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Constellation Energy Corporation (CEG)
Constellation Energy Corporation received a Buy rating and a $385.00 price target from Morgan Stanley analyst David Arcaro today. The company’s shares closed last Tuesday at $294.85.
According to TipRanks.com, Arcaro is a 5-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Constellation Energy Corporation with a $394.13 average price target, representing a 37.6% upside. In a report issued on March 19, J.P. Morgan also maintained a Buy rating on the stock with a $400.00 price target.
Read More on NRG:
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- NRG Energy price target raised to $157 from $153 at Morgan Stanley
- ‘S&P500 Outlook Points to Recovery’: Goldman Sachs Sees Headwinds Priced in and Suggests 2 Stocks to Buy
- NRG Energy upgraded to Outperform from Peer Perform at Wolfe Research
- NRG Energy initiated with an Outperform at BNP Paribas
- NRG Energy: LS Power Acquisition, Robust Free Cash Flow, and Attractive Valuation Support Buy Rating
