Morgan Stanley Maintains Overweight Rating on Constellation Energy (CEG)

Morgan Stanley has maintained an Overweight rating on Constellation Energy (CEG) but lowered its price target to $360 from $385 on April 21, 2026. This decision was part of a broader update for utilities and independent power producers, noting that utilities have outperformed the S&P in March. Concurrent with this, Evercore ISI resumed coverage of CEG with an Outperform rating and a $380 price target, following Constellation’s acquisition of Calpine, which significantly expanded its clean energy capacity.

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