Deutsche Bank Reiterates Buy Rating on CPN

Analysts at Deutsche Bank maintains Buy rating and $16 price target on shares of Calpine (

), after missing earnings estimates. Deutsche Bank remains optimistic on CPN going forward, stating "We think a premium is warranted given a superior fleet of assets versus peers and strong growth in 2014." Calpine Corporation, an independent wholesale power generation company, engages in the ownership and operation of natural gas-fired and geothermal power plants in North America.