Deutsche Bank Downgrades NRG Energy to Hold (NRG)

Deutsche Bank downgraded NRG Energy (NYSE: NRG) to Hold Thursday, "on recent outperformance." Deutsche Bank also lowered its price target on the stock to $25 from $27.

While Deutsche Bank analysts "see some value in NRG stock, recent strength and future headwinds warrant a move to the sidelines." Deutsche Bank also reduced its 2011 estimate by $135M to $1.68B and 2012 by $70M to $1.83B.

Deutsche Bank "continues to see long-term fundamental value in NRG at this point in the cycle, but [analysts] believe it will be difficult for this to be realized in the stock price over the next 6-12 months."

NRG Energy closed down more than 3% Thursday, to finish at $22.42.