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Fly News Breaks for September 27, 2016
TRP, CPPL
Sep 27, 2016 | 05:19 EDT
JPMorgan analyst Jeremy Tonet downgraded Columbia Pipeline Partners (CPPL) to Neutral following TransCanada's (TRP) announced offer to acquire all common unit interests in the company for $15.75 per unit. The analyst sees the potential for a modestly higher takeout price and keeps a $17 price target for Columbia Pipeline Partners.
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