Goldman Sachs analyst Carly Davenport reinstated coverage of Dominion (D) with a Neutral rating and $61 price target following its completed sales of its gas LDC business. While constructive on the company’s “attractive” load growth opportunities around Virginia and potential upside risk to transmission capex estimates as a result, the firm is “mindful of valuation” following the stock’s outperformance.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on D:
- Dominion price target raised to $61 from $58 at Wells Fargo
- Dominion Energy Reports Strong Q3 2024 Results
- Options Volatility and Implied Earnings Moves Today, November 01, 2024
- Dominion reports Q3 operating EPS 98c, consensus 92c
- Dominion narrows FY24 operating EPS view to $2.68-$2.83 from $2.62-$2.87