BofA analyst Julien Dumoulin-Smith raised the firm’s price target on NRG Energy to $43 from $42 and keeps a Buy rating on the shares as the firm came away “constructive” following the company’s analyst day as the company embarks on “an increasingly shareholder-friendly capital allocation framework.” The firm notes investor skepticism driven by past acquisitions and associated cash needs, but the firm looks for consistent shareholder returns to drive sentiment.
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Published first on TheFly
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