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Fly News Breaks for May 11, 2017
CPN
May 11, 2017 | 05:53 EDT
After the Wall Street Journal yesterday reported Calpine is exploring a sale, Citi analyst Praful Mehta says he believes the company could be worth $14-$15 per in share in a buyout. The stock closed yesterday up 18% to $11.89. The analyst thinks a sale could generate "good interest" from private equity. He keeps a Buy rating on Calpine with a $15 price target.
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