RE:Only one correct is Ryan Bushnell and us. ALA and ATGFFGlobe says Foscolos maintains AltaGas at "buy" Well now we know. It was a analyst upgrade. Buy the dips. 2018-07-10 09:13 ET - In the News The Globe and Mail reports in its Tuesday, July 10, edition that Industrial Alliance Securities analyst Elias Foscolos says AltaGas's $8.4-billion acquisition of WGL Holdings ($27.68) is transformational as it proves a "large trap" of projects. The Globe's David Leeder writes in the Eye On Equities column that Mr. Foscolos believes AltaGas is now a "lower-risk company." Mr. Foscolos reiterated his "buy" rating. The Industrial Alliance stockpicker boosted his share target to $30 from $29. Analysts on average target the shares at $28.44. He says the deal, which closed Friday, doubles the Calgary-based company's enterprise value and provides investors to further exposure to power, utilities and mid-stream assets south of the border. Mr. Foscolos says in a note: "A substantial majority of its EBITDA will now originate from the U.S., and only a small fraction will be exposed to short-term commodity prices. Looking ahead, we believe equity investors will be eagerly anticipating the announcement of the remaining $1.4-billion of asset sales and $0.9-billion of hybrid financing. With a lower Canadian dollar and better-than-expected proceeds from the sale of NW BC Hydro assets, we have modified our projections."br />