Barclays analyst Nicholas Campanella raised the firm’s price target on Talen Energy (TLN) to $293 from $245 and keeps an Overweight rating on the shares as part of a Q4 earnings preview for the power and utilities group. The firm remains bullish on the sector, seeing an upward bias to demand growth continuing into the Q4 results, with rate base and earnings growth accelerating towards 9%. Valuations “are not demanding,” the analyst tells investors in a research note.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TLN:
- Talen Energy price target raised to $285 from $246 at Guggenheim
- Vanguard Raises Stake in Talen Energy (TLN) to 10% as AI Demand Accelerates
- Talen Energy announces commencement of consent solicitation
- Talen Energy to pursue appellate remedies after FERC defers rehearing request
- Talen Energy Corp Announces Major Refinancing Moves