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Fly News Breaks for January 8, 2020
SJI
Jan 8, 2020 | 08:15 EDT
As previously reported, Morgan Stanley analyst Stephen Byrd downgraded South Jersey Industries to Underweight from Equal Weight with a price target of $29, down from $31, as he sees risk of the PennEast pipeline not being completed. He also forecasts below-average EPS growth, thinks the company may be required to raise incremental equity and notes that it faces a large rate case in New Jersey this year.
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