Dynegy (DYN) is Downgraded by UBS to Neutral, Raises Price Target to $ 22

Dynegy (DYN) was Downgraded by UBS to ” Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 22 from a previous price target of $21 . Earlier the firm had a rating of “Buy ” on the company shares. UBS advised their investors in a research report released on Jun 9, 2016.

Many Wall Street Analysts have commented on Dynegy. Dynegy was Resumed by Ladenburg Thalmann to “Buy” on Apr 8, 2016.

On the company’s financial health, Dynegy reported $-0.23 EPS for the quarter, missing the analyst consensus estimate by $ -1.20 based on the information available during the earnings call on Nov 4, 2015. Analyst had a consensus of $0.97. The company had revenue of $1232.00 million for the quarter, compared to analysts expectations of $1531.13 million. The company’s revenue was up 100.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.05 EPS.

Dynegy opened for trading at $21.24 and hit $21.56 on the upside on Tuesday, eventually ending the session at $21.51, with a gain of 1.99% or 0.42 points. The heightened volatility saw the trading volume jump to 17,14,938 shares. Company has a market cap of $2,523 M.

In a different news, on Mar 1, 2016, Robert C Flexon (CEO) purchased 10,000 shares at $10.08 per share price. According to the SEC, on Dec 10, 2015, Patrick Iii Wood (director) purchased 6,400 shares at $11.61 per share price. On Nov 12, 2015, Daniel P. Thompson (EVP) purchased 1,000 shares at $17.55 per share price, according to the Form-4 filing with the securities and exchange commission.


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