Talen Energy up after Jefferies raises PT

Shares of utility Talen Energy TLN.O rise 4.1% to $405.97 after Jefferies raises price target to $448 from $436

New price target represents a 15% upside to the stock's last close

Raises PT to reflect higher free cash flow owing to lower cash tax rate and higher confidence in TLN's conviction in gas-data center deals

Brokerage says shares of co traded up due to the inclusion of natural gas-data center deal sensitivity in the investor day presentation

Jefferies believes TLN is well-positioned to benefit from a variety of power trends, including the rising electricity demand primarily from data centers and the growing value of firm capacity

14 of 15 brokerages rate the stock "buy" or higher, 1 "hold"; their median PT is $410 - data compiled by LSEG

Including session's move, stock up ~102% YTD