UBS Maintains a 'Buy' on Calpine Corp (CPN); Positive Tone on '12 Outlook
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Price: $15.25 --0%
Rating Summary:
8 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
8 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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UBS maintains a 'Buy' on Calpine Corporation (NYSE: CPN) price target raised $1 to $18.00.
UBS analyst says, "Management struck a decidedly positive tone on its ‘12 outlook despite the decline in commodity prices, noting its current hedge position has left it short gas in the lower ~$3 gas price environment. Using the company’s latest disclosures, we calculate the company is short gas in ‘12 and ‘13 by $90 Mn per $1 move in gas."
UBS lowers FY12 from $0.30 to $0.19.
For an analyst ratings summary and ratings history on Calpine Corporation click here. For more ratings news on Calpine Corporation click here.
Shares of Calpine Corporation closed at $15.36 yesterday.
UBS analyst says, "Management struck a decidedly positive tone on its ‘12 outlook despite the decline in commodity prices, noting its current hedge position has left it short gas in the lower ~$3 gas price environment. Using the company’s latest disclosures, we calculate the company is short gas in ‘12 and ‘13 by $90 Mn per $1 move in gas."
UBS lowers FY12 from $0.30 to $0.19.
For an analyst ratings summary and ratings history on Calpine Corporation click here. For more ratings news on Calpine Corporation click here.
Shares of Calpine Corporation closed at $15.36 yesterday.
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