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Fly News Breaks for August 3, 2015
ABY
Aug 3, 2015 | 08:31 EDT
RBC Capital believes that the drop in yieldcos' stocks has been caused by technical factors, while their fundamentals remain positive. The firm believes that Abengoa's decision to create a warehouse structure with EIG has significantly reduced Abengoa's intermediate growth outlook. RBC trimmed its price target on the stock to $47 from $48 but keeps an Outperform rating on the shares.
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