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Fly News Breaks for March 23, 2018
DM
Mar 23, 2018 | 08:22 EDT
Morgan Stanley analyst Tom Abrams upgraded Dominion Midstream to Equal Weight from Underweight following the recent FERC ruling on cost of service pipelines, telling investors in a research note that after a steep decline, valuation offers a more balanced risk/reward. While he views Dominion's path forward as "somewhat opaque" given the potential resetting of cost of service rates, but believes the firm "has options" to improve its outlook compared to the current valuation.
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