BUZZ-BMO raises PT on US utilities

Reuters10-29 21:40

** Brokerage BMO raises price targets on U.S.-based utility firms Constellation Energy , NRG Energy and Vistra Energy

** Says investors should remain focused on the positive fundamental backdrop for power vs just contract announcements as the burgeoning supply/demand shortfalls will take at least 4-5 years to address, driving higher earnings, core profit and free cash flow

Brokerage changes PT on the following firms:

Company New PT Old PT Rating

Constellation $298 $278 Outperform

Energy

NRG Energy $94 $90 Market

Perform

Vistra Energy $147 $146 Outperform

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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