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Fly News Breaks for April 10, 2017
NFG
Apr 10, 2017 | 05:57 EDT
Jefferies analyst Christopher Sighinolfi double downgraded National Fuel Gas Company to Underperform from Buy after the New York State Department of Environmental Conservation rejected the company's planned Northern Access Pipeline. The denial, while it can be appealed, provides "significant project uncertainty," Sighinolfi tells investors in a research note. He cut his price target for the shares to $52 from $66.
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