Citigroup Raises NRG Energy PT to $185 from $133, Maintains Buy Rating

Citigroup Raises NRG Energy PT to $185 from $133, Maintains Buy Rating

Citigroup has upgraded NRG Energy (NRG) with a new price target of $185, maintaining its "Buy" rating. The financial institution increased its target from $133, reflecting a bullish outlook on the company's prospects [1]. This move comes amidst a wave of analyst upgrades and price target increases seen in recent months.

Citigroup's upgrade for NRG follows a series of positive earnings reports and strong performance metrics. The company's recent financial results have shown resilience, with earnings per share (EPS) beating expectations and revenue growth driven by robust trading income and a resurgence in dealmaking activities [2]. The upgrade aligns with the broader trend of analyst upgrades and price target increases, suggesting a favorable consensus among financial professionals.

Investors should monitor NRG's future developments and consider the potential impact of these upgrades and price target increases on their investment strategies. As always, it is essential to conduct thorough research and consult with a financial advisor before making investment decisions.

References:
[1] https://www.ainvest.com/news/te-connectivity-ubs-maintains-buy-rating-pt-raised-201-2507/
[2] https://ih.advfn.com/market-news/article/12691/citigroup-surpasses-profit-expectations-thanks-to-strong-trading-and-banking-results