Constellation Energy Touts Strong Fundamentals: Analyst Forecasts Special Dividend
Portfolio Pulse from Nabaparna Bhattacharya
Mizuho analyst Anthony Crowdell has reiterated a Neutral rating on Constellation Energy Corporation (NASDAQ:CEG), raising the price target to $116 from $106 due to strong fundamentals. The company is expected to return capital to shareholders, possibly through increased share repurchases or a special dividend. The company's stock is currently trading lower by 0.92% to $114.66.
October 13, 2023 | 6:24 pm
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NEUTRAL IMPACT
Constellation Energy's strong fundamentals and potential return of capital to shareholders could positively impact its stock. However, the stock is currently trading lower.
The analyst's neutral rating and increased price target indicate a positive outlook for Constellation Energy. However, the current lower trading suggests market factors may be influencing the stock's performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100