Dominion (D) is expected to benefit from several long-term initiatives in the states that it serves, and after years of negative returns, shares look cheap, providing a buying opportunity, Barron’s Jacob Sonenshine writes in the publication’s Stock Picks column. The company’s data-center opportunity could also generate additional profit growth, which is why analysts forecast 6% annual earnings-per-share growth through 2030, the report states.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on D:
- Midday Fly By: Nvidia reports Q3 beat, Abbott buys Exact Sciences
- Dominion price target lowered to $65 from $66 at Morgan Stanley
- Dominion in talks to acquire NOVEC, Bloomberg reports
- Dominion Energy’s Earnings Call: Strong Performance Amid Challenges
- Dominion price target lowered to $65 from $67 at BMO Capital
