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Fly News Breaks for July 25, 2016
NI
Jul 25, 2016 | 05:56 EDT
Jefferies analyst Christopher Sighinolfi downgraded NiSource to Underperform saying the valuation at current levels "now offer a worrisome risk/reward skew." The analyst views the ongoing deceleration in NGL supply growth and recent pullback in product pricing as a bearish shift for the Master Limited Partnerships. Sighinolfi keeps a $22 price target for the shares.
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