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Fly News Breaks for March 23, 2017
PEGI
Mar 23, 2017 | 07:12 EDT
Macquarie analyst James Ward downgraded Pattern Energy to Neutral and maintained its $20 price target. The analyst said Pattern's payout ratio is already stretched and said any equity issuances finance projects will need to be immediately accretive, which will be challenging, and expects relative underperformance to continue.
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