UPDATE: Macquarie Upgrades Dynegy to Neutral
In a report issued Tuesday, analysts at Macquarie upgraded Dynergy (NYSE: DYN) from a rating of Underperform to Neutral. The firm's Angie Storozynski set a 12-month target price of $35.
Storozynski said she believes "synergies associated with DYN's ongoing M&A pursuits could support future earnings.” This upside is reflected within the the target price projected by Macquarie.
With Dynegy shares down around 1.6 percent to $31.89 at last check, the firm's price target represents potential upside of about 10 percent.
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