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Fly News Breaks for June 25, 2017
AEE
Jun 25, 2017 | 21:20 EDT
Goldman analyst Michael Lapides downgraded Ameren to Sell and maintained a $51 price target. The analyst said the potential for new Missouri legislation that would benefit the regulatory environment has diminished and company's growth is slowing. Lapides also downgraded the Utilities sector to Cautious from Neutral saying valuations now appear stretched while earnings growth appears relatively normal.
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