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Fly News Breaks for September 17, 2015
PSX, SE, DPM
Sep 17, 2015 | 05:54 EDT
UBS analyst Shneur Gershuni upgraded DCP Midstream (DPM) to Neutral saying the capital contributions by Spectra Energy (SE) and Phillips 66 (PSX) into DCP LLC reduces the risk that DCP Midstream would have to part in any rescue. Gershuni believes the news helps remove a potential equity overhang and raised his price target for DCP to $28 from $24