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Fly News Breaks for August 1, 2017
BWP
Aug 1, 2017 | 08:18 EDT
As noted earlier, RBC Capital downgraded Boardwalk to Sector Perform from Outperform. After the company reported lower than expected Q2 adjusted EBITDA, analyst Elvira Scotto "lowered (her) outer year estimates on a more conservative view of (the company's) re-contracting efforts." The analyst expects the stock to be "range bound" until its 2019-2020 outlook become clearer. Target to $18 from $22.
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