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Deutsche sees Calpine (CPN) facing some challenges after the firm lost a short-term source of...

Deutsche sees Calpine (CPN) facing some challenges after the firm lost a short-term source of incremental cash with the unsuccessful auction of two of its gas plants, and lowered guidance on FY11 EBITDA and free cash flow. Deutsche maintains a Hold rating "given only modest near-term fundamental upside."
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