UPDATE: UBS Starts GenOn Energy (GEN) at Neutral
Get Alerts GEN Hot Sheet
Rating Summary:
8 Buy, 5 Hold, 2 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 10 | New: 11
Join SI Premium – FREE
UBS initiated coverage on GenOn Energy (NYSE: GEN) with a Neutral rating and a price target of $7.00. Analyst A.J. Rice noted core growth across the industry has been challenging,
"We are initiating coverage of Genesis Healthcare, a leading provider of skilled nursing and rehab services, with a Neutral rating. GEN came public on February 2 via a reverse merger with Skilled Healthcare. GEN has an experienced well-regarded management team and a broad diversified portfolio that makes it a national leader in the provision of long-term care. Skilled nursing is not without its challenges as obtaining core growth across the industry has been challenging, particularly in the face of the secular enrollment gains associated with Medicare Advantage. Further, GEN is highly leveraged and has roughly 85% of its portfolio leased, potentially limiting its ability to maneuver," said Rice.
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 $6.53 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Monness, Crespi, Hardt Downgrades Palantir Technologies Inc. (PLTR) to Sell on 'egregiously rich valuation... darkest days of this economic downturn are ahead of us'
- Recruit Holdings Co., Ltd (6098:JP) (RCRUY) PT Raised to JPY7,800 at Jefferies, 'emerged stronger since the last earnings season'
- Craig-Hallum Upgrades Lands' End (LE) to Buy, 'the setup looks much better'
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, New CoverageRelated Entities
UBS, Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!