UPDATE: Wunderlich Securities Lowers Price Target on NRG Energy to $23

According to Wunderlich Securities, NRG Energy NRG price target is lowered to $23. Wunderlich Securities said that NRG Energy (NRG) reported 4Q adjusted EBITDA of $390mm versus $444mm a year ago (our/consensus was $380mm/$400mm). “We are maintaining our Buy rating, but reducing our target price to $23.” NRG Energy closed yesterday at $17.55.