Dynegy (DYN +5.5%) jumps more than 5% after setting targets to deliver an incremental $250M in EBITDA and another $400M in balance sheet improvements over three years.
DYN says the savings are part of an initiative which during 2011-15 will have produced more than $280M in EBITDA and $958M in balance sheet savings.
DYN’s $250M target for EBITDA improvement is 19% better than its June forecast, Deutsche Bank says.
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