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Monday’s analyst upgrades and downgrades

Inside the Market’s roundup of some of today’s key analyst actions. This file will be updated during the trading day.

Another delay in U.S. approval for the Keystone XL project will translate into only “modest mid-term growth” for TransCanada Corp., said CIBC World Markets analyst Paul Lechem.

“No new timetable has been set, although it appears unlikely to be resolved before year end (and critically, beyond the U.S. midterm elections),” he wrote in a research note.