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UPDATE: UBS Starts GenOn Energy (GEN) at Neutral

June 30, 2015 7:25 AM EDT
Get Alerts GEN Hot Sheet
Price: $22.34 +1.09%

Rating Summary:
    8 Buy, 5 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 10 | New: 11
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(Updated - June 30, 2015 8:12 AM EDT)

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.



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