JPMorgan downgraded Dominion (D) to Underweight from Neutral with a price target of $52, down from $59. The firm sees “growing project risk on uncontrollable external factors” for the company. The analyst is increasingly concerned on the potential for “serial” Coastal Virginia Offshore Wind project impacts, and highlights smaller considerations such as pension contributions as an earnings exposure to the market’s recent decline, potentially adding an earnings headwind.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on D:
- Kroger, AST SpaceMobile, Dominion, Prospect, Bloom: Insider Moves Unveiled
- Dominion price target raised to $63 from $60 at Morgan Stanley
- Dominion price target raised to $69 from $66 at Guggenheim
- PJM select projects to be developed by FirstEnergy, Dominion, American Electric
- Dominion Energy Reports Positive Earnings Amid Strategic Growth
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue