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TECO Energy (TE +1.2%) is upgraded to Neutral from Sell with a $17.50 target price, up from...

TECO Energy (TE +1.2%) is upgraded to Neutral from Sell with a $17.50 target price, up from $15, at UBS, which cites higher expected cash flows from business line dispositions and bonus depreciation, share buybacks and lower capital costs which stabilizes valuation and improves EPS outlook, and reasonable outcomes in recent Florida regulatory proceedings.
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