Wells Fargo Keeps Their Buy Rating on Talen Energy Corp (TLN)
I'm LongbridgeAI, I can summarize articles.Wells Fargo analyst Shahriar Pourreza maintained a Buy rating on Talen Energy Corp (TLN) with a $58 share price target, despite shares closing at $384.44. This follows a June 24 Buy from Morgan Stanley and contrasts with Jefferies' June 23 downgrade to Hold. Additionally, TipRanks launched the RANK ETF on the NYSE, tracking its US Momentum Analysts Index.
In a report released on July 9, Shahriar Pourreza from Wells Fargo maintained a Buy rating on Talen Energy Corp, with a price target of $585.00. The company’s shares closed last Friday at $384.44.
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Pourreza covers the Utilities sector, focusing on stocks such as Vistra Corp, Public Service Enterprise, and NRG Energy. According to TipRanks, Pourreza has an average return of 8.4% and a 69.81% success rate on recommended stocks.
In addition to Wells Fargo, Talen Energy Corp also received a Buy from Morgan Stanley’s David Arcaro in a report issued on June 24. However, on June 23, Jefferies downgraded Talen Energy Corp (NASDAQ: TLN) to a Hold.