Deutsche Bank Upgrades GenOn Energy (GEN) to Hold; Removing Stock From Short List

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Deutsche Bank upgraded GenOn Energy (NYSE: GEN) from Sell to Hold.

Deutsche analyst said, "Our upgrade of GEN is premised on our view that the stock will be driven largely by RPM results over the near term, on which our view does not appear out of consensus, rather than the company's challenging fundamental outlook. For CPN we maintain Hold, as ERCOT leverage seems at least partially priced in."

For an analyst ratings summary and ratings history on GenOn Energy click here. For more ratings news on GenOn Energy click here.

Shares of GenOn Energy closed at $1.94 yesterday, with a 52 week range of $1.90-$4.14.

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