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UBS says that Street FY13 EBITDA estimates are slightly high for Calpine (CPN -0.8%), and the...

UBS says that Street FY13 EBITDA estimates are slightly high for Calpine (CPN -0.8%), and the stock should see muted upside over the near-term going into Q3 results. The firm notes however, that the shares remain a Buy, given pending ERCOT reforms and CO2 cap-and-trade implementation in California.
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