Citigroup Maintains Buy on NRG Energy, Raises Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ryan Levine has maintained a Buy rating on NRG Energy (NYSE:NRG) and increased the price target from $52 to $62.

March 01, 2024 | 5:14 pm
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Citigroup has reaffirmed its Buy rating on NRG Energy and raised the price target from $52 to $62.
The upgrade in the price target by a reputable analyst like Ryan Levine from Citigroup is a strong positive signal for NRG Energy. It suggests a bullish outlook on the stock, likely due to favorable operational or financial performance indicators that the analyst believes will drive the stock's value higher. This kind of endorsement can often lead to increased investor confidence and potentially drive up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100