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Fly News Breaks for March 19, 2018
TCP
Mar 19, 2018 | 07:45 EDT
RBC Capital analyst TJ Schultz lowered his price target on TC PipeLines to $45, citing the latest FERC ruling regarding the potential income on the company's income tax provisions. The analyst keeps his Outperform rating however, adding that the potential impact on the company's long-term cash flows remains unclear because of TC Pipelines' "black box agreements" and co-ownership deals with non-MLP entities.
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