NRG Energy price target raised to $140 from $130 at Wells Fargo

Wells Fargo raised the firm’s price target on NRG Energy (NRG) to $140 from $130 and keeps an Overweight rating on the shares. The firm cites a compelling 5-year update. The core services operations plus share buybacks point to a 10% EPS CAGR. Upside drivers tied to power margins and data center customers could be meaningfully additive, Wells adds.