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Fly News Breaks for June 7, 2016
PEG
Jun 7, 2016 | 08:13 EDT
As previously reported, BofA/Merrill downgraded PSEG to Underperform from Neutral and lowered its price target to $41 from $46. Analysts led by Brian Chin said weak capacity auction results indicate the "debottlenecking" of New Jersey's power pricing premium is here, which will lead to weaker margins in the deregulated generation segment
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