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Fly News Breaks for February 2, 2016
STR, D
Feb 2, 2016 | 06:29 EDT
Citi analyst Praful Mehta downgraded Dominion Resources (D) to Neutral saying he doesn't understand the acquisition of Questar (STR). The value creation and synergy opportunities from the deal seem limited, Mehta tells investors in a research note. He is concerned that Dominion management is doing deals to manage earnings rather than create value. He keeps a $78 price target for shares of Dominion.
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