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Fly News Breaks for July 6, 2017
CPN
Jul 6, 2017 | 07:31 EDT
Citi analyst Praful Mehta believes the likelihood is increasing for a private equity exit for Calpine. Management's refusal to talk about the deal suggests that the process and negotiations are continuing well, Mehta tells investors in a research note. The analyst continues to think that if a deal is announced, it is likely in the $15 range and over the next couple of months. He keeps a Buy rating on Calpine with a $15 price target.
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