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Fly News Breaks for June 2, 2016
WR, GXP
Jun 2, 2016 | 05:44 EDT
Barclays analyst Gregg Orrill downgraded Great Plains Energy (GXP) to Underweight on expectations the shares will underperform into the close of the Westar Energy (WR) deal. The analyst highlights the "very crowded" regulatory calendar and "great deal of leverage" associated with the merger. He keeps a $28 price target for Great Plains shares.
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