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Fly News Breaks for January 5, 2017
DCP, DPM
Jan 5, 2017 | 07:27 EDT
As noted earlier, RBC Capital downgraded DCP Midstream (DPM) to Sector Perform from Outperform. Analyst Elvira Scotto says that the company's merger with DynCorp (DCP) increases its debt burden and its exposure to commodity prices. Additionally, the analyst thinks that the deal does not address its longer term IDR burden. Target to $38 from $37.
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