MLP Could Be Worth $12/Share to Dominion Resources (D) - Jefferies

Jefferies analyst Paul B. Fremont reiterated a Buy rating and raised his price target on Dominion Resources, Inc. (NYSE: D) Monday from $67.50 to $68 saying an MLP is worth $12/share.

"Jefferies believes that management could add $12.00 per share of value through the creation of a Blue Racer MLP and the subsequent drop down of its Cove Point LNG liquefaction plant," the analyst said. "The company could also drop down Dominion Transmission assets which would increase EBITDA by roughly 70%."

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 $56.04 yesterday.

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