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Fly News Breaks for April 25, 2018
VVC
Apr 25, 2018 | 07:43 EDT
Citi analyst Ryan Levine downgraded Vectren to Neutral from Buy and lowered his price target for the shares to $72 from $75. The takeover by CenterPoint represents a favorable outcome to a much speculated M&A process over the last few years, Levine tells investors in a research note. He does not expect another party to offer a higher bid.
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