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Fly News Breaks for July 3, 2018
PEG
Jul 3, 2018 | 05:42 EDT
Deutsche Bank analyst Jonathan Arnold downgraded PSEG to Hold and lowered his price target for the shares to $57 from $58. The Federal Energy Regulatory Commission order raised new questions over New Jersey zero-emission credits, Arnold tells investors in a research note. FERC late last week found that the proposal by PJM Interconnection to change how it runs power capacity auctions is "unjust and unreasonable, and unduly discriminatory and preferential."
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