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Dahlman Rose Report Calpine's 4Q10 Affected By Weak Spark
Tuesday, February 22, 2011 - 11:58am | 162Dahlman Rose & Co. has published a report on Calpine Corporation (NYSE: CPN). According to the report, Calpine's 4Q 2010 continued to be affected by weak spark spreads and hedge prices in Texas and California. “Adjusted EBITDA for 4Q10 was reported at $386MM, between our estimate and consensus...
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UPDATE: Jefferies Raises PT on Calpine Corp. to $17 (CPN)
Tuesday, February 22, 2011 - 10:52am | 115Jefferies is out with its report today on Calpine Corp. (NYSE: CPN), raising its PT from $16 to $17. In a note to clients, Jefferies writes, "Our price target of $17.00/share (up from $16.00) is based on our open EV/EBITDA valuation approach using a 12 times multiple on 2012 unhedged EBITDAR. Based...
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Goldman Moves Williams To Conviction Buy (WMB)
Tuesday, February 22, 2011 - 9:00am | 182Goldman Sachs is upgrading shares of Williams Companies, Inc. (NYSE: WMB) to Conviction Buy with a a $38 price target on shares. In a note to clients, Goldman writes, "We move Williams (WMB) to Conviction Buy from Neutral with 28% upside to our new $38 12-month target price. We believe strong...
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Ameren Reports Q4 EPS of $0.22 vs. $0.23
Tuesday, February 22, 2011 - 8:54am | 134Ameren Corporation (NYSE: AEE) today announced 2010 net income, in accordance with generally accepted accounting principles (GAAP), of $139 million, or 58 cents per share, compared to 2009 GAAP net income of $612 million, or $2.78 per share. Excluding certain items in each year Ameren recorded...
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Deutsche Bank Has Hold On Progress Energy (PGN)
Tuesday, February 22, 2011 - 8:47am | 219Deutsche Bank has a Hold rating and is raising its price target to $47 on shares of Progress Energy (NYSE: PGN). In a note to clients, Deutsche Bank writes, "We are reducing our estimates, but raising our TP reflecting our recently increased Duke Energy (DUK target adjusted for the merger exchange...
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UPDATE: Jefferies Raises PT on Progress Energy to $47.50 (PGN)
Tuesday, February 22, 2011 - 8:44am | 102Jefferies is out with its report today on Progress Energy (NYSE: PGN), raising its price target from $45.50 to $47.50. In a note to clients, Jefferies writes, "Our price target of $47.50 (revised from $45.50) is based on the merger offer price. Under the agreement, Progress shareholders would...
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A Peek Into The Market Before The Trading Starts
Tuesday, February 22, 2011 - 8:42am | 462Pre-open movers US stock futures are lower this morning as unrest continued in the major oil-producing state of Libya. Futures for the Dow Jones Industrial Average tumbled 95 points to 12,280, while those for the S&P 500 index dropped 16.70 points to 1,326. Futures for the Nasdaq 100 declined...
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Wunderlich Securities Reiterates Hold Rating, $47 PT On PGN
Tuesday, February 22, 2011 - 8:27am | 142Progress Energy Inc. (NYSE: PGN) reported 4Q/full-year 2010 operating EPS of $0.45/$3.06 “vs. our $0.53/$3.05,” Wunderlich Securities reports. “Full-year results were largely in line, with strong weather offsetting nuclear plant outages,” Wunderlich Securities writes. “Management initiated 2011E...
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EWallstreeter Upgrades/Downgrades
Tuesday, February 22, 2011 - 8:14am | 55These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Tuesday morning. Calpine Corp. (NYSE: CPN) Raised to Overweight at Barclays. Kirby Corporation (NYSE: KEX) Raised to Buy and $60 target at
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Jefferies Raises PT On Progress Energy To $47.50
Tuesday, February 22, 2011 - 7:50am | 27Jefferies & Company has raised the price target on Progress Energy (NYSE: PGN) from $45.50 to $47.50 and maintains its Hold rating.
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Deutsche Bank Lowers PT On Calpine To $15.50
Tuesday, February 22, 2011 - 7:46am | 27Deutsche Bank has lowered the price target on Calpine Corporation (NYSE: CPN) from $16 to $15.50 and maintains its Hold rating.
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Deutsche Bank Raises PT On PG&E Energy To $47
Tuesday, February 22, 2011 - 7:39am | 28Deutsche Bank has raised the price target on PG&E Energy (NYSE: PGN) from $46 to $47 and maintains its Hold rating.
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Earnings Scheduled For February 22 (M, HPQ, MHS, WMT, BKS, MDT, ODP, NRG, HTZ, RSH, HD, CHK, MHK)
Tuesday, February 22, 2011 - 4:19am | 337Macy's Inc (NYSE: M) is projected to report its Q4 EPS at $1.52 on revenue of $8.27 billion. Hewlett-Packard Company (NYSE: HPQ) is estimated to report its FQ3 EPS at $1.29 on revenue of $32.95 billion. Medco Health (NYSE: MHS) is projected to post its Q4 EPS at $0.94 on revenue of $16.65 billion...
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UniSource Energy to Release 2010 Financial Results and Outlook for 2011
Friday, February 18, 2011 - 5:01pm | 75UniSource Energy Corp. (NYSE: UNS) plans to release its 2010 financial results on Monday, February 28, before the market opens. The release will be followed by a conference call at 12 p.m. EST to discuss the financial results and outlook for 2011. The earnings release and supplemental information...
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UniSource Energy to Release 2010 Financial Results and Outlook for 2011
Friday, February 18, 2011 - 5:01pm | 75UniSource Energy Corp. (NYSE: UNS) plans to release its 2010 financial results on Monday, February 28, before the market opens. The release will be followed by a conference call at 12 p.m. EST to discuss the financial results and outlook for 2011. The earnings release and supplemental information...