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DewDiligence

06/22/10 9:14 AM

#1129 RE: OakesCS #1128

Citi lowered the target P/E ratios for some of the names in the table, which is why the target prices of those names dropped by a larger % than the EPS forecasts. Citi thinks the lower P/E ratios are warranted by the risk stemming from increased political meddling.

I don't take any of these numbers as the gospel.