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Fly News Breaks for September 28, 2016
GXP
Sep 28, 2016 | 09:09 EDT
After Great Plains Energy agreed to acquire Westar Energy for about $12.2B, Argus analyst Gary Hovis says that Great Plains' "improving fundamentals, investments in new infrastructure assets, and the carryover effect of earlier favorable rate case decisions" make the stock a good investment at current levels. Hovis keeps a $36 price target and Buy rating on the shares.
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