UPDATE: Jefferies Downgrades Calpine on Concerns of Limited Pricing Upside
November 04, 2013 at 09:39 AM EST
In a report published Monday, Jefferies analyst Paul B. Fremont downgraded the rating on Calpine (NYSE: CPN ) from Buy to Hold, and lowered the price target from $23.50 to $21.00. In the report, Jefferies noted, “We are lowering our rating to Hold from Buy based on concern that Texas