RBC Capital Starts Talen Energy (TLN) at Outperform

RBC Capital analyst Shelby Tucker initiates coverage on Talen Energy (NASDAQ: TLN) with a Outperform rating and a price target of $233.00.

The analyst comments: "We are launching coverage on Talen Energy (TLN) with an Outperform rating and a $233 price target. The company is well-positioned in the constrained PJM market, which we expect will experience substantial load growth and decreasing reserve margins. This dynamic should help deliver robust cash flows in the coming years. The management team is prioritizing share buybacks complemented with strategic reinvestments to optimize its fleet. In addition, TLN is a leader in the corporate PPA market, and should be poised to bolster its contracting portfolio and secure long-term financial visibility."

For an analyst ratings summary and ratings history on Talen Energy click here. For more ratings news on Talen Energy click here.

Shares of Talen Energy closed at $190.02 yesterday.

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