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Fly News Breaks for January 30, 2017
DYN
Jan 30, 2017 | 08:43 EDT
Morgan Stanley analyst Devin McDermott said Dynergy share weakness in response to FERC turnover and further potential delays on approval of the Engie transaction are overdone. McDermott believes approval could still come this week, and notes if recevied by February 3, the financial implications for Dynergy are fairly limited. The analyst recommends buying Dynergy on any further weakness related to approval concerns and reiterates his Overweight rating and $19 price target.
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