Talen Energy price target raised to $255 from $247 at BofA

BofA raised the firm’s price target on Talen Energy (TLN) to $255 from $247 and keeps a Buy rating on the shares. The firm updated its EBITDA estimates and removed its prior 5% discount from the base business because of the increasingly favorable political environment for coal, the collar on the next two capacity auctions, and the inclusion of Susquehanna’s base generation in this segment, the analyst tells investors.