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TransCanada President and CEO Russ Girling announces the new Energy East Pipeline during a news conference in Calgary, Alberta, in this August 1, 2013, file photo. TransCanada Corp expects its new 700,000-barrel-per-day Gulf Coast oil pipeline to begin service on Jan. 22, chief executive Russ Girling said in an interview on Dec. 17, 2013.
TransCanada President and CEO Russ Girling announces the new Energy East Pipeline during a news conference in Calgary, Alberta, in this August 1, 2013, file photo. TransCanada Corp expects its new 700,000-barrel-per-day Gulf Coast oil pipeline to begin service on Jan. 22, chief executive Russ Girling said in an interview on Dec. 17, 2013.
(TODD KOROL/REUTERS)

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. For breaking analyst actions prior to market open every day, read our Before the Bell morning report.

Desjardins Securities analyst Pierre Lacroix downgraded TransCanada Corp. to "hold" from "buy," believing that the stock's recent share price appreciation has left little additional upside for the near term.