Wunderlich Securities Upgrades Constellation Energy Group's PT To $39 But Downgrades Its Rating (CEG, EXC)

Wunderlich Securities upgraded its price target for Constellation Energy Group CEG from $36 to $39 in a report published today. In the same report, Wunderlich downgraded Constellation's rating from Buy to Hold. As one of the reasons for its decision, Wunderlich highlighted Constellation's proposed merger with Exelon EXC. Constellation's shares gained 5.71% in yesterday's trading to finish the day at $36.26.