UBS Cuts Price Target on NRG Energy (NRG) to $12; Reiterates Sell

August 31, 2016 9:37 AM EDT
Get Alerts NRG Hot Sheet
Price: $11.52 -1.03%

Rating Summary:
    15 Buy, 3 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 11 | New: 8
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UBS maintained a Sell rating on NRG Energy (NYSE: NRG), and cut the price target to $12.00 (from $15.00), reflecting the latest commodity and hedge outlook.

Analyst Julien Dumoulin-Smith commented, "We are dropping our target to $12/sh from $15 to reflect principally the latest commodity and hedge outlook. We attribute the bulk of recent pressure off its highs to a moderation in energy expectations as well as disappointing realized summer power prices. We see continued wind deployment and ongoing low interest rates as only partially offset by improved coal pricing to support power prices."

For an analyst ratings summary and ratings history on NRG Energy click here. For more ratings news on NRG Energy click here.

Shares of NRG Energy closed at $12.19 yesterday.

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