NRG Energy price target raised to $200 from $165 at Wells Fargo

Wells Fargo raised the firm’s price target on NRG Energy (NRG) to $200 from $165 and keeps an Overweight rating on the shares. The firm views the acquisition of LS Power’s 13 GW generation fleet favorably. It greatly enhances NRG’s power platform at an attractive valuation, Wells adds.