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Spectra Energy (SE) Stock Downgraded at Raymond James

NEW YORK (TheStreet) -- Shares of Spectra Energy (SE) were lower in pre-market trading on Wednesday as the stock's rating was trimmed at Raymond James to "outperform" from "strong buy."

The firm also upped its price target on the shares this morning to $44 from $41, according to a note cited by the Fly.

The downgrade comes after the Houston-based natural gas infrastructure company announced yesterday that it would be acquired by Canadian pipeline company Enbridge (ENB) for $28...


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