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Fly News Breaks for February 17, 2016
CBA
Feb 17, 2016 | 07:35 EDT
BofA/Merrill analyst Gabe Moreen downgraded ClearBridge American to Underperform, and many other MLP CEFs, citing high leverage ratios and deleveraging which will continue to impact earnings, the uncertain commodity environment, and potential dividend cuts, among other reasons.
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