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Fly News Breaks for March 3, 2017
SCG
Mar 3, 2017 | 07:13 EDT
UBS analyst Julien Dumoulin-Smith upgraded SCANA to Buy and raised its price target to $77 from $75 saying shares have underperform on Toshiba concerns. The analyst said Toshiba concerns have largely reached an apex for now and believes Q1 updates indicate the latest delay will actually be quite modest. He believes the most recent actions by Toshiba to sell off other businesses rather than addressing the Westinghouse business head-on following the $6B writedown in December gives him confidence on its implicit commitment.
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