UPDATE: Dominion Resources, Inc. (D) PT Raised to $83 at Wells Fargo, Upgrades to Overweight

(Updated - January 26, 2021 5:56 AM EST)

Wells Fargo analyst Sarah Akers raised the price target on Dominion Resources, Inc. (NYSE: D) to $83.00 (from $80.00) while upgrading to an Overweight rating (from Equalweight).

The analyst comments "We are upgrading shares of D to Overweight from Equal Weight as we think (1) the current valuation is already discounting heightened regulatory risk and (2) the company is well-positioned relative to the secular trend toward clean energy."

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