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Fly News Breaks for October 4, 2016
TRP, CPPL
Oct 4, 2016 | 05:32 EDT
UBS analyst Shneur Gershuni downgraded Columbia Pipeline Partners LP (CPPL) to Neutral saying the takeover by TransCanada (TRP) has a high likelihood of closing. The analyst believes antitrust issues should not be a concern. Gershuni lowered his price target for Columbia shares to $15.75 from $26.
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