Goldman Sachs Removes Calpine Corporation (CPN) from Conviction Buy List, Prefers NRG (NRG)

Goldman Sachs removes Calpine Corporation (NYSE: CPN) from its Conviction Buy List but maintained a Buy with a price target of $22.

"While CPN's power plant fleet remains structurally advantaged due to lower emissions and significant exposure to the tight Texas power market, we remove CPN from the CL Buy list as we now see greater near-term catalysts and more upside to our price target for NRG (NYSE: NRG).

NOTE: NRG was added to the Conviction Buy List today.

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 $18.61 yesterday.

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