Jefferies Maintains a 'Buy' on Dominion Resources, Inc. (D); Well Positioned

Jefferies maintains a 'Buy' on Dominion Resources, Inc. (NYSE: D) price target of $61.00.

Analyst, Paul B. Fremont, said, "Jefferies believes that Dominion is well positioned to obtain a declaratory judgment in its favor from the Calvert County Circuit Court later this year. Our conclusion is based on the language of the settlement agreement and the filing in support of Dominion's interpretation by the Maryland Conservation Council (MCC), the only other party to the Agreement."

Lowers FY EPS estimate from $1.05 to $0.95.

For an analyst ratings summary and ratings history on Dominion Resources, Inc. click here. For more ratings news on Dominion Resources, Inc. click here.

Shares of Dominion Resources, Inc. closed at $53.49 yesterday.

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