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Fly News Breaks for August 14, 2019
PEGI
Aug 14, 2019 | 05:14 EDT
Wells Fargo analyst Neil Kalton downgraded Pattern Energy to Market Perform from Outperform while raising his price target for the shares to $26 from $24. After the company confirmed it has drawn interest from third parties, the analyst believes Pattern's current valuation reflects some amount of a takeout premium.
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