Jefferies Ups Price Target on Calpine (CPN) to $18.75

Jefferies raised its price target on Buy-rated Calpine Corporation (NYSE: CPN) from $18 to $18.75 after posting 2011 quarterly EBITDA estimates as follows: 1Q - $315 million; 2Q - $390 million; 3Q - $650 million; and 4Q - $395 million.

For more ratings news on Calpine Corporation click here and for the rating history of Calpine Corporation click here.

Shares of Calpine Corporation closed at $16.12 yesterday.

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