Dynegy (DYN) : Analyst Rating Update

Dynegy (DYN) : Zacks Investment Research ranks Dynegy (DYN) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 1.64, which indicates as a Buy.

Dynegy (DYN) : The most positive equity analysts on Dynegy (DYN) expects the shares to touch $33, whereas, the least positive believes that the stock will trade at $18 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $23.33 with an expected fluctuation of $5.13 from the mean.

Dynegy (NYSE:DYN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.22 and $16.19 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.56, notching a gain of 0.42% for the day. The total traded volume was 1,741,223 . The stock had closed at $16.49 on the previous day.

Also, Brokerage firm Citigroup upgrades its rating on Dynegy (NYSE:DYN). As per the latest information, the brokerage house lowers the price target to $19 per share from a prior target of $21. The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 29, 2016. The company shares have dropped -42.36% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $30.18 and the one year low was seen on Feb 23, 2016. The 50-Day Moving Average price is $17.96 and the 200 Day Moving Average price is recorded at $14.39.

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