Calpine to Announce Third Quarter 2016 Results on October 28, 2016

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UBS Cuts Price Target on Calpine Corporation (CPN) to $16 Ahead of 3Q Report

October 6, 2016 7:26 AM EDT

UBS maintained a Buy rating on Calpine Corporation (NYSE: CPN), and cut the price target to $16.00 (from $17.00), ahead of the company's 3Q report. UBS is expecting 3Q EBITDA to be $679 Mn, compared to the Street's $702 Mn estimate.

Analyst Julien Dumoulin-Smith commented,... More