Dynegy upgraded to Neutral from Sell at UBS UBS upgraded Dynergy based on the potential to bid in PJM MAAC pricing in the upcoming MISO capacity auction. The firm now expects a 50% chance the auction will clear and raised its price target to $25 from $18.
Dynegy sees $120M in environmental spending yearly for 2019-2023 Sees $4M in environmental spending in 2016. Sees $19M in environmental spending in 2017. Sees $85M in environmental spending in 2018. Says capital spending to comply with major environmental rules expected to be manageable.Information from company slides presentation.