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Fly News Breaks for January 6, 2020
TRP
Jan 6, 2020 | 07:47 EDT
Morgan Stanley analyst Stephen Byrd initiated coverage of TC Energy with an Underweight rating and C$63 price target. The analyst sees a "full valuation with multiple risks," including Keystone XL regulatory risk, challenged Northeast producer outlooks, and leverage challenges. The analyst this morning initiated coverage of MLPs & Midstream Energy Infrastructure with an In-Line view.
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