Dominion price target lowered to $54 from $61 at BMO Capital

BMO Capital lowered the firm’s price target on Dominion to $54 from $61 but keeps an Outperform rating on the shares. The company did not provide FY23 guidance as part of its Q2 results given the ongoing strategic review, while its Q3 guidance calls for a “significant y/y decline”, the analyst tells investors in a research note. The firm remains positive on the stock however given that its assets are among the best in the sector with a premier utility franchise, growing gas distribution business, and sector-leading regulated renewable capex program.