BUZZ-Mizuho raises PT on Constellation Energy post Calpine deal

** Mizuho raises PT on utility firm Constellation Energy CEG.O to $307 from $235

** New PT represents ~1% upside to stock's last close

** Brokerage updates PT after CEG announced its intention to acquire independent power producer Calpine from Energy Capital Partners in a cash-and-stock transaction

** "We do not believe other suitors will come to the table to bid-up Calpine, as the merger agreement does not have a go-shop provision for Energy Capital Partners" - Mizuho

** 12 of 17 brokerages rate the stock "buy" or higher, 5 "hold"; their median PT is $291 - data compiled by LSEG

** Stock was up 100% in 2024

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))