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Fly News Breaks for June 5, 2018
NJR
Jun 5, 2018 | 06:30 EDT
As previously reported, BofA/Merrill downgraded New Jersey Resources to Underperform from Neutral and maintained a $43 price target. Analyst Dennis Coleman said the recent strength in shares does not appropriately discount earnings risk from potential project delays in the company's three major pipeline projects under development.
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