Constellation Energy reinitiated with "outperform" - update

03/22/07 - Credit Suisse

NEW YORK, March 22 (newratings.com) - Analysts at Credit Suisse reinitiate coverage of Constellation Energy Group (CEG) with an "outperform" rating. The target price is set to $94.

In a research note published this morning, the analysts mention that the company does not need to implement a significant strategic change. Constellation Energy is likely to generate robust earnings growth going forward, at an estimated 14% earnings CAGR for 2007-2012, the analysts add.