Bank of America Upgrades Calpine to Buy, Raises PT to $20

Bank of America upgraded its rating on Calpine CPN from Neutral to Buy. At the same time, the rating agency raised its price target on the company's stock from $17 to $20. On Friday, CPN lost 1.04% of its value to finish the day at $16.19. Its shares rebounded in today's pre-market trading, rising 0.37% to stand around $16.25.