BMO Capital downgraded Dominion Energy to Market Perform from Outperform with an unchanged price target of $49. The analyst cites valuation for the downgrade. The company largely achieved the objectives outlined with the launch of its strategic review in November 2022, but an additional multiple re-rating in the stock “could be longer-dated and beyond investors’ current time horizon,” the analyst tells investors in a research note.
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- Dominion Energy Announces Closing of Sale of Ohio Natural Gas Distribution Company
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- Dominion price target raised to $51 from $49 at Wells Fargo
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