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Fly News Breaks for March 16, 2018
DM, D
Mar 16, 2018 | 05:38 EDT
UBS analyst Daniel Ford downgraded Dominion Energy (D) to Neutral and lowered his price target for the shares to $77 from $83. The analyst believes FERC's revised policy statement regarding tax treatment for master limited partnerships and Notice of Proposed Rulemaking issued to all FERC-regulated natural gas pipelines "create a material risk overhang to the core valuation thesis" for asset dropdowns from Dominion Energy to Dominion Energy Midstream Partners (DM).
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