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Fly News Breaks for December 21, 2015
TCP
Dec 21, 2015 | 07:33 EDT
BofA/Merrill upgraded TC PipeLines two notches to Buy from Underperform with a $50 price target on shares. Analyst Gabe Moreen expects TC PipeLine's cash flow profile to do well in the current environment given limited commodity sensitivity, lack of capital markets dependency to support cash flows, and drop-down flexibility.
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