Wolfe Research Downgrades Dynegy (DYN) to Peerperform
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UBS Remains Sidelined on Dynegy (DYN) as Debt Paydown Remains Focus
September 15, 2016 8:41 AM EDTUBS reiterated a Neutral rating on Dynegy (NYSE: DYN), and cut the price target to $13.50 (from $22.00), as the company's debt paydown remains a major focus. Management aims to reduce leverage by ~2x Net Debt/EBITDA off its 2016 estimation of pro-forma Engie leverage of 6.5x, down to its LT target of 4.5x. UBS sees the IPH restructuring, which could yet... More
