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Fly News Breaks for March 18, 2016
CPGX, TRP, CPPL
Mar 18, 2016 | 05:45 EDT
Barclays analyst Christine Cho downgraded Columbia Pipeline Partners LP (CCPL) to Equal Weight from Overweight saying TransCanada's (TRP) acquisition agreement with Columbia Pipeline Group (CPGX) was "light on strategy for the MLP." A lack of affirmation around Columbia Pipeline Partners' 20% growth will likely cause a negative reaction in the stock at the open, Cho tells investors in a research note. She lowered her price target for the shares to $15 from $19.