Citigroup Upgrades Reliant Energy (RRI) to Buy
RRI Hot Sheet
Rating Summary:1 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 24 | Down: 11 | New: 36
Citigroup upgrades Reliant Energy (NYSE: RRI) from Hold to Buy. Price target increased from $20 to $29.
Citigroup analyst says, "The MAAC+APS carveout in the October 2007 capacity market auction should visibly confirm Reliant's assertion that a significant wholesale cyclical uplift by 2009/10 in PJM is legit."
Citigroup analyst says, "The MAAC+APS carveout in the October 2007 capacity market auction should visibly confirm Reliant's assertion that a significant wholesale cyclical uplift by 2009/10 in PJM is legit."
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