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Fly News Breaks for August 7, 2018
SCG
Aug 7, 2018 | 06:12 EDT
Mizuho analyst Paul Fremont downgraded Scana to Neutral and lowered his price target for the shares to $43 from $45. The federal court ruling signals the company is unlikely to win the case challenging Act 287 on the merits, given the conclusion of the judge that the company cannot establish a property interest in the V.C. Summer project until after the PSC proceeding, Fremont tells investors in a research note titled "Law & Order: Crime Scene."
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