UPDATE: Bank of America Downgrades TC Pipelines LP to Neutral on Multiple Factors

In a report published Thursday, Bank of America analyst Gabe Moreen downgraded the rating on TC Pipelines LP (NYSE: TCP ) from Buy to Neutral, but raised the price target from $48.00 to $51.00. In the report, Moreen noted, “We are downgrading TCP to Neutral (from Buy) for the following