CIGNA Co. (CI), Brightcove (BCOV), Calpine (CPN), Frontline Ltd. (FRO), Given Imaging Ltd (GIVN), Louisiana-Pacific Co. (LPX), Pandora Media (P), World Wrestling Entertainment Inc (WWE) and Zale Corp (ZLC) were upgraded by analysts.
Raymond James upgraded Brightcove (BCOV) from an "Outperform" rating to a "Strong-Buy" rating. They have a price target of $26.00 on the company.
Credit Suisse (CS) upgraded CIGNA Co. (CI) from an "Neutral" rating to a "Outperform" rating. They have a price target of $56.00 on the company.
Barclays Capital upgraded Calpine (CPN) from an "Equal Weight" rating to a "Overweight" rating. They have a price target of $21.00 on the company.
Wells Fargo & Co. (WFC) upgraded Frontline Ltd. (FRO) from an "Underperform" rating to a "Market Perform" rating.
WBB Securities upgraded Given Imaging Ltd (GIVN) from an "Hold" rating to a "Speculative Buy" rating. They have a price target of $17.50 on the company.
Bank of America (BAC) upgraded Louisiana-Pacific Co. (LPX) from an "Neutral" rating to a "Buy" rating. They have a price target of $16.00 on the company.
Canaccord Genuity upgraded Pandora Media (P) from an "Hold" rating to a "Buy" rating. They have a price target of $16.00 on the company.
Roth Capital upgraded World Wrestling Entertainment Inc (WWE) from an "Neutral" rating to a "Buy" rating. They have a price target of $12.00 on the company.
Northcoast Research upgraded Zale Corp (ZLC) from an "Neutral" rating to a "Buy" rating. They have a price target of $7.00 on the company.
Showing posts with label Calpine. Show all posts
Showing posts with label Calpine. Show all posts
Thursday, August 30, 2012
Tuesday, August 2, 2011
Dynegy (DYN) (EEP) (EMN) (MET) (WSDT) (CPN) Ratings Reiterated
Dynegy Inc. (NYSE: DYN), Enbridge Energy Partners LP (NYSE: EEP), Eastman Chemical Co (NYSE: EMN), MetLife, Inc. (NYSE: MET), WisdomTree Investments, Inc. (NASDAQ: WSDT) and Calpine (NYSE: CPN) have ratings reiterated by analysts.
Jefferies (NYSE:JEF) reiterated its "Hold" rating on Dynegy Inc. (DYN).
Citigroup (NYSE:C) maintains its "Buy" rating on Enbridge Energy Partners LP (EEP).
Citigroup reiterated its "Hold" rating on Eastman Chemical Co (EMN).
Citigroup reiterated its "Buy" rating on MetLife, Inc. (MET).
Citigroup reiterated its "Buy" rating on WisdomTree Investments, Inc. (WSDT). They have a price target of $10.00 on the company.
Wunderlich reiterated a "Buy" rating on Calpine (CPN). They have a price target of $18.00 on the company.
Jefferies (NYSE:JEF) reiterated its "Hold" rating on Dynegy Inc. (DYN).
Citigroup (NYSE:C) maintains its "Buy" rating on Enbridge Energy Partners LP (EEP).
Citigroup reiterated its "Hold" rating on Eastman Chemical Co (EMN).
Citigroup reiterated its "Buy" rating on MetLife, Inc. (MET).
Citigroup reiterated its "Buy" rating on WisdomTree Investments, Inc. (WSDT). They have a price target of $10.00 on the company.
Wunderlich reiterated a "Buy" rating on Calpine (CPN). They have a price target of $18.00 on the company.
Tuesday, May 10, 2011
Ratings on (ALKS) (BAP) (COLB) (CPN) (FE) Upgraded
Ratings on Alkermes Inc. (NASDAQ: ALKS), Credicorp Ltd. (NYSE: BAP), Columbia Banking (NASDAQ: COLB), Calpine (NYSE: CPN) and FirstEnergy Corp. (NYSE: FE) upgraded by analysts.
Leerink upgraded Alkermes Inc. (ALKS) to an “outperform” rating.
UBS AG (NYSE:UBS) upgraded Credicorp Ltd. (BAP) to a “buy” rating.
McAdams Wright Ragen upgraded Columbia Banking (COLB) to a “buy” rating. They have a price target of $22.00 on the company.
Dahlman Rose upgraded Calpine (CPN) from a “hold” rating to a “buy” rating. They have a price target of $20.00 on the company.
Wells Fargo & Co. (NYSE:WFC) upgraded FirstEnergy Corp. (FE) from a “market perform” rating to an “outperform” rating.
Leerink upgraded Alkermes Inc. (ALKS) to an “outperform” rating.
UBS AG (NYSE:UBS) upgraded Credicorp Ltd. (BAP) to a “buy” rating.
McAdams Wright Ragen upgraded Columbia Banking (COLB) to a “buy” rating. They have a price target of $22.00 on the company.
Dahlman Rose upgraded Calpine (CPN) from a “hold” rating to a “buy” rating. They have a price target of $20.00 on the company.
Wells Fargo & Co. (NYSE:WFC) upgraded FirstEnergy Corp. (FE) from a “market perform” rating to an “outperform” rating.
Monday, May 2, 2011
Ratings on (CELL) (CPL) (CPN) (CRBC) (CSTR) Reiterated
Ratings on Brightpoint Inc (NASDAQ: CELL), CPFL Energia SA (NYSE: CPL), Calpine (NYSE: CPN), Citizens Republic Bancorp, Inc. (NASDAQ: CRBC) and Coinstar (NASDAQ: CSTR) reiterated by analysts.
Jefferies (NYSE:JEF) reiterated a “hold” rating on shares of Brightpoint Inc (CELL).
Deutsche Bank (NYSE:DB) reiterated a “hold” rating on shares of CPFL Energia SA (CPL).
Wunderlich reiterated a “buy” rating on Calpine (CPN). They have a price target of $18.00 on the company.
Oppenheimer reiterated an “outperform” rating on Citizens Republic Bancorp, Inc. (CRBC). They have a price target of $1.40 on the company.
Piper Jaffray reiterated an “overweight” rating on Coinstar (CSTR). They have a price target of $68.00 on the company.
Jefferies (NYSE:JEF) reiterated a “hold” rating on shares of Brightpoint Inc (CELL).
Deutsche Bank (NYSE:DB) reiterated a “hold” rating on shares of CPFL Energia SA (CPL).
Wunderlich reiterated a “buy” rating on Calpine (CPN). They have a price target of $18.00 on the company.
Oppenheimer reiterated an “outperform” rating on Citizens Republic Bancorp, Inc. (CRBC). They have a price target of $1.40 on the company.
Piper Jaffray reiterated an “overweight” rating on Coinstar (CSTR). They have a price target of $68.00 on the company.
Price Targets on (CPN) (CRI) (EGLE) (ETR) (FLIR) Updated by Analysts
Calpine (NYSE: CPN), Carter’s, Inc. (NYSE: CRI), Eagle Bulk Shipping Inc (NASDAQ: EGLE), Entergy Corp. (NYSE: ETR) and FLIR Systems, Inc. (NASDAQ: FLIR) get price targets updated today by analysts.
Jefferies (NYSE:JEF) raised their price target on Calpine (CPN) from $18.75 to $19.50.
Citigroup (NYSE:C) raised their price target on Carter’s, Inc. (CRI) from $30.00 to $33.00. They have a “hold” rating on the company.
Citigroup cut their price target on Eagle Bulk Shipping Inc (EGLE) from $4.50 to $4.00.
Deutsche Bank (NYSE:DB) cut their price target on Entergy Corp. (ETR) from $73.00 to $70.00. They have a “hold” rating on the company.
Needham & Company raised their price target on FLIR Systems, Inc. (FLIR) from $35.00 to $42.00. They have a “buy” rating on the company.
Jefferies (NYSE:JEF) raised their price target on Calpine (CPN) from $18.75 to $19.50.
Citigroup (NYSE:C) raised their price target on Carter’s, Inc. (CRI) from $30.00 to $33.00. They have a “hold” rating on the company.
Citigroup cut their price target on Eagle Bulk Shipping Inc (EGLE) from $4.50 to $4.00.
Deutsche Bank (NYSE:DB) cut their price target on Entergy Corp. (ETR) from $73.00 to $70.00. They have a “hold” rating on the company.
Needham & Company raised their price target on FLIR Systems, Inc. (FLIR) from $35.00 to $42.00. They have a “buy” rating on the company.
Wednesday, January 19, 2011
Calpine (NYSE:CPN), Ormat Technologies (NYSE:ORA) Would Benefit Most from California CO2 Rules, If They Last
Assuming the draconian rules implemented by the California Air Resources Board in December 2010 remain in effect in the years ahead, the companies that could get the most benefit from it would probably be Calpine (NYSE:CPN) and Ormat Technologies (NYSE:ORA).
Barclays says, "On December 16, 2010 the California Air Resources Board approved a CO2 cap-and-trade program to be implemented on January 1, 2012. Emitting electricity generating facilities and industrial facilities will be affected on January 1, 2012. In 2015, the entities that distribute or use natural gas in California would be affected. By 2020 the goal is to reduce CO2 emissions by 15%.
"We believe Calpine (CPN)(Equalweight) and Ormat Technologies (ORA)(Equalweight) could benefit the most from the rules. CPN's combined cycle units would benefit from a spark spread expansion. At a 7,100 btu/kwh heat rate, we estimate about 4,600 MW of CPN combined cycle capacity emits 0.42 tons/Mwhr, which is 0.13 tons/MWhr less than the market and a $40M benefit at a $13/ton CO2 price. To the extent that CPN's and ORA's geothermal capacity operate as merchant, it would benefit from higher power prices. Under contracts the benefits could be shared or retained by the customer.
"We are raising the target on CPN $2 to $16 and raising our 2012/2013 Adjusted EBITDA forecasts $40M to $1.92B/$2.08B. Our target reflects $16 for an asset valuation with $13.3B enterprise value less $5.6B of net debt ($7.1B), NOL NPV ($1.5B) and other items, and 486 million shares and $16 for 8x Open EBITDA of $1.34B and a renewable 9.4x multiple of $295M less debt and the same items as�well. Previously, our price target was $14, and the asset value was $15 at $6.1B of�net debt and Open EBITDA was $13 or $1.44B at 7.1x and $272M at 9.0x with $6.1B of net debt ($7.6B), NOL ($1.4B), and 486 million shares."
Calpine closed Tuesday at $14.71, up $0.06, or 0.41 percent. Ormat ended the trading day at $31.18, gaining $0.07, or 0.23 percent.
Barclays says, "On December 16, 2010 the California Air Resources Board approved a CO2 cap-and-trade program to be implemented on January 1, 2012. Emitting electricity generating facilities and industrial facilities will be affected on January 1, 2012. In 2015, the entities that distribute or use natural gas in California would be affected. By 2020 the goal is to reduce CO2 emissions by 15%.
"We believe Calpine (CPN)(Equalweight) and Ormat Technologies (ORA)(Equalweight) could benefit the most from the rules. CPN's combined cycle units would benefit from a spark spread expansion. At a 7,100 btu/kwh heat rate, we estimate about 4,600 MW of CPN combined cycle capacity emits 0.42 tons/Mwhr, which is 0.13 tons/MWhr less than the market and a $40M benefit at a $13/ton CO2 price. To the extent that CPN's and ORA's geothermal capacity operate as merchant, it would benefit from higher power prices. Under contracts the benefits could be shared or retained by the customer.
"We are raising the target on CPN $2 to $16 and raising our 2012/2013 Adjusted EBITDA forecasts $40M to $1.92B/$2.08B. Our target reflects $16 for an asset valuation with $13.3B enterprise value less $5.6B of net debt ($7.1B), NOL NPV ($1.5B) and other items, and 486 million shares and $16 for 8x Open EBITDA of $1.34B and a renewable 9.4x multiple of $295M less debt and the same items as�well. Previously, our price target was $14, and the asset value was $15 at $6.1B of�net debt and Open EBITDA was $13 or $1.44B at 7.1x and $272M at 9.0x with $6.1B of net debt ($7.6B), NOL ($1.4B), and 486 million shares."
Calpine closed Tuesday at $14.71, up $0.06, or 0.41 percent. Ormat ended the trading day at $31.18, gaining $0.07, or 0.23 percent.
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