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Fly News Breaks for February 22, 2018
MIC
Feb 22, 2018 | 13:46 EDT
Oppenheimer analyst Ian Zaffino noted that Macquarie Infrastructure shares are trading down 38% since the company announced its dividend cut. Zaffino said, after the company's conference call, that he believes shares are now oversold, and maintained his Buy rating, although he cut his price target on Macquarie intra-day to $60 from $75, after cutting it earlier in the day to $75 from $100.
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