Morgan Stanley raised the firm’s price target on Dominion (D) to $66 from $63 and keeps an Equal Weight rating on the shares. The firm is updating its price targets for Regulated & Diversified Utilities / IPPs in North America under its coverage, the analyst tells investors. In September, utilities outperformed the S&P, the firm notes. Heading into Q3, the firm expects a key focus for utilities to be on the evolution of data center pipelines and is watching for commentary around interconnection times.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on D:
- Dominion initiated with a Neutral at BTIG
- NextEra, Dominion, PPL, Enphase, First Solar: Trending by Analysts
- Dominion price target raised to $63 from $60 at Barclays
- Dominion initiated with an In Line at Evercore ISI
- Dominion Energy: Hold Rating Amid Offshore Wind Uncertainty and Execution Risks with Long-Term Growth Potential