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Fly News Breaks for May 14, 2018
TRP, TCP
May 14, 2018 | 08:17 EDT
Citi analyst Vikram Bagri downgraded TC PipeLines (TCP) to Neutral from Buy citing uncertainty from the recent FERC policy changes and his view that the company's proactive distribution cut could be followed by a further reduction. Given the lack of support from parent TransCanada (TRP), he sees better risk/reward opportunities elsewhere, Bagri tells investors.
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