Constellation Energy shares set to rise -Barron's

NEW YORK, March 2 (Reuters) - A company forecast for a 20 percent rise in profits this year should spark a significant increase in Constellation Energy Group Inc's (CEG.N: Quote, Profile, Research) shares, according to Barron's financial weekly.

As power rates and earnings rise, Constellation shares could be headed to about $110 from their current price of just above $88 on the New York Stock Exchange, the newspaper said in its March 3 edition.

Rising rates due to the continuing need for new generating capacity and improved transmission, as well as voracious demand from a growing consumer base, should contribute to a share price rise, the report said.

An analyst with W.H. Reaves cited in the report said Constellation shares could rally 20 percent in coming months. (Reporting by Bill Berkrot; Editing by Braden Reddall)