UPDATE: Deutsche Bank Lowers PT on Calpine on Reasons for Caution
December 11, 2013 at 14:01 PM EST
In a report published Wednesday, Deutsche Bank analyst Jonathan Arnold reiterated a Buy rating on Calpine Corporation (NYSE: CPN ), but lowered the price target from $24.00 to $23.00. In the report, Deutsche Bank noted, “With utilities set to finish the year last among sectors for the second straight year,