BMO Capital lowered the firm’s price target on Dominion (D) to $51 from $52 and keeps a Market Perform rating on the shares. The firm is adjusting its model to reflect mark-to-market peer multiples while also noting the company’s announced plans to acquire a 40K-acre offshore wind lease from Avangrid (AGR), the analyst tells investors in a research note.
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Read More on D:
- Dominion announces closing of sale of Questar, Wexpro for $4.3B
- Enbridge completes acquisition of Questar Gas Company
- Dominion Energy Announces Closing of Sale of Western Natural Gas Distribution Assets Questar Gas, Wexpro
- Enbridge files to enable at-the-market equity issuance program
- Dominion upgraded to Neutral at BofA after simplification
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