UPDATE: Credit Suisse Upgrades Dominion Resources, Inc. (D) to Outperform

(updating comment)

Credit Suisse analyst Michael Weinstein upgraded Dominion Resources, Inc. (NYSE: D) from Neutral to Outperform with a price target of $83.00.

The analyst comments "At Dominion’s current pricing we see 14% total return potential over the next 12 months―a more compelling entry point after the company took several positive strategic steps in 2020 to significantly reduce the company’s operating and financial risk. Dominion now has a simplified large-cap regulated growth story for the next decade driven by nearly $8B of regulated offshore wind, additional land-based renewables, transportation electrification, and strong customer and datacenter growth in Virginia. D expects 6.5%-plus EPS growth starting in 2022."

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 $75.30 yesterday.

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