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Fly News Breaks for June 25, 2015
WPZ, ETE, WMB
Jun 25, 2015 | 06:40 EDT
JPMorgan downgraded The Williams Companies (WMB) to Neutral citing a balanced risk/reward following the $53B all-equity takeover offer from Energy Transfer Equity (ETE). The firm believes the offer "casts major doubt" over the Williams, Williams Partners (WMB) merger vote. It lowered its price target for Williams shares to $60 from $65.
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