Constellation Energy Downgraded By KeyBanc Amid Capital Expenditure And FCF Deployment Developments
Portfolio Pulse from Lekha Gupta
KeyBanc Capital Markets analyst Sangita Jain downgraded Constellation Energy Corp (NASDAQ:CEG) to Sector Weight from Overweight, citing the company's capital expenditure plan, share buyback program, and FCF deployment plan. Jain also raised EBITDA and revenue estimates for 2023 and 2024.
June 21, 2023 | 5:42 pm
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Constellation Energy Corp (NASDAQ:CEG) was downgraded by KeyBanc Capital Markets analyst Sangita Jain to Sector Weight from Overweight, citing the company's capital expenditure plan, share buyback program, and FCF deployment plan.
The downgrade by KeyBanc Capital Markets analyst Sangita Jain is based on the company's capital expenditure plan, share buyback program, and FCF deployment plan. This downgrade is likely to have a negative short-term impact on the stock price, as it indicates that the analyst believes the stock is now fairly valued and may not have significant upside potential in the short term.
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IMPORTANCE 80
RELEVANCE 100