(This is CNBC Pro’s live coverage of Monday’s analyst calls and Wall Street discussion. Please refresh every 20-30 minutes to view the latest posts.) Software stocks and nuclear energy plays were among the names analysts talked about on Monday. Raymond James downgraded Palantir to market performance, citing rich valuations. Meanwhile, Morgan Stanley raised its price target on Constellation Energy to $313m, representing an upside of more than 20%. Check out the latest calls and chat below. All times ET. 5:47 am: Raymond James drops Palantir It may be time to move sideways when it comes to Palantir, according to Raymond James. Citing strong performance, the company downgraded the software stock to market upside. Analyst Brian Gesuale also removed his $30 price target. “While we are still very pleased with Palantir’s position on AI, we are downgrading our rating from Market Perform to Outperform given that the stock needs to consolidate large gains over the past few years and grow into a rich value,” he explained. “Valuation grew ~fivefold making it the richest software name among computers at 26.1x FY25 sales.” Palantir shares are up 117% in 2024. PLTR YTD mountain PLTR year to date While high valuations may be the biggest near-term hurdle for the stock, Gesuale is optimistic about the company’s potential over time as an artificial intelligence beneficiary. “Global instability and the global AI arms race provide a long-term bullish outlook for Palantir that should pave the way for continued growth in the ~20% range over the next few years,” added Gesuale. — Lisa Kailai Han 5:47 am: Morgan Stanley raises price target for Constellation Energy Constellation Energy’s new nuclear power deal positions the stock for strong gains ahead, according to Morgan Stanley. Analyst David Arcaro raised his price target on the stock to $313 from $233. The new forecast points to about a 23% rise. Constellation Energy on Friday announced that it will restart the Unit 1 reactor at Three Mile Island, with the intention of selling that power to Microsoft for its data center needs. The stock rallied more than 22% on the news — bringing its year-to-date advance to 118%. CEG YTD mountain for CEG year to date “This is an attractive deal for CEG,” Arcaro wrote. “The operational risk of bringing the plant online seems manageable, the contract is very long (20 years) and it has a strong partner. Bringing nuclear online supports the grid, without gas emissions and 24×7 operation, and the move has generated strong political support. ” Wells Fargo analyst Neil Kalton also raised his price target on the stock to $300, which is about 18% ahead. – Fred Imbert