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Fly News Breaks for January 8, 2018
OTTR
Jan 8, 2018 | 09:10 EDT
Sidoti analyst Tate Sullivan downgraded Otter Tail to Neutral and lowered its price target to $46 from $55 and lowered estimates on slightly hither interest expense and lower utility income growth. The analyst sees rising capital costs from higher interest rates and reduced his multiple to reflect higher interest rates and volatility in earnings for the non-utility business.
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