2.40%C 7.82 8.31%UYG 5.47 10.28%
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SIOUX FALLS, S.D. - A Jefferies and Co. analyst on Tuesday lowered his 2009 and 2010 earnings estimates for NRG Energy Inc., citing expected lower natural gas prices.
| NRG | 23.1 |  0.08 |
Analyst Paul B. Fremont cut his 2009 earnings-per-share estimate by 10 cents to $2.40 and his 2010 estimate by 75 cents to $2.35.
Fremont maintained a "Buy" rating on the stock, but lowered his share price target to $35 from $53.
"We believe that NRG Energy's stock price is attractive under a DCF (discounted cash flow) valuation based on the forward curve for natural gas prices," Fremont wrote in a client note.
NRG Energy shares fell 21 cents to $20.03 in morning trading.
U.S. stocks fell on Wednesday after signs of weakening employment and a contraction in service industries overcame earlier gains in the trading s...
China markets opened lower on Tuesday morning as the investors' confidence hit by the signals that global recession are deepening.
The markets have spoken: risk aversion is still the name of the game and that was obvious since the beginning of the week.
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