UPDATE: Jefferies Raises PT on NRG Energy on Good 4Q12 EBITDA

In a report published Friday, Jefferies reiterated its Buy rating on NRG Energy NRG, and raised its price target from $24.50 to $27.50. Jefferies noted, “NRG reported 4Q12 adjusted EBITDA of $657 million, versus First Call consensus of $609 million, Jefferies estimate of $630 million and $458 million reported in 3Q11. The quarter-over-quarter adjusted-EBITDA improvement was driven by strong results in the company's Texas segment due to higher realized energy prices and improved bilateral capacity contracts.” NRG Energy closed on Thursday at $24.00.
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