Fly News Breaks for October 7, 2019
Oct 7, 2019 | 08:46 EDT
Evercore ISI analyst Greg Gordon noted that the Supreme Court announced that they had granted the Atlantic Coast Pipeline petition for writs of certiorari and will hear the challenge to a lower court's decision that the US Forest Service had erred in granting ACP a permit to cross the Appalachian Trail. He sees this news as an incremental positive for Duke Energy (DUK) and Dominion (D), who he notes are the largest co-owners in ACP, though the risk remains that SCOTUS, which will likely issue a decision by the middle of next year, doesn't rule on ACP's side. Gordon raised his price target on Dominion shares to $75 from $73 and keeps In Line ratings on both Duke and Dominion.
News For DUK;D From the Last 2 Days
Nov 19, 2019 | 06:09 EST
The deal range was $86.45-$87.30. JPMorgan, Goldman Sachs, Barclays, Credit Suisse, BofA/Merrill, Citi, Morgan Stanley and Wells Fargo acted as joint book running managers for the offering.
Nov 18, 2019 | 17:03 EST
JPMorgan, Goldman Sachs, Barclays, Credit Suisse, BofA/Merrill, Citi, Morgan Stanley and Wells Fargo are acting as joint book running managers for the offering.