BUZZ-Citigroup raises PT on Constellation Energy post Q4 profit beat

Citigroup raises PT on utility company Constellation Energy CEG.O to $334 from $284, representing a 2.6% upside to the stock's last close

Brokerage says co beat fourth-quarter expectations, but focus remains on the upcoming Federal Energy Regulatory Commission (FERC) meeting on Thursday

"At the FERC meeting, we don't expect any major changes in policy, but any movement to support co-location or constructive comments from chairman Mark Christie would be viewed positive for CEG," - Citigroup

12 of 17 brokerages rate the stock "buy" or higher, 5 "hold"; their median PT is $329 - data compiled by LSEG

Up till last close, stock up 45.5% YTD