JPMorgan analyst Jeremy Tonet downgraded Dominion Energy to Neutral from Overweight with a price target of $76, down from $83. In conjunction with its Q3 earnings last Friday, Dominion launched a top to bottom business review that will focus on value-maximizing strategic business actions, Tonet tells investors in a research note. The analyst says including actions to alleviate customer bill-pressure without definition clouds Dominion’s future outlook. He downgrades the shares pending "more clarity on the parameters and D‘s future outlook."
Published first on TheFly
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- Dominion Energy (NYSE:D) Reports Earnings: Beats on Earnings and Revenue
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- Dominion initiates ‘top-to-bottom’ business review
- Dominion narrows FY22 operating EPS view to $4.03-$4.18 from $3.95-$4.25
- Dominion reports Q3 operating EPS $1.11, consensus $1.08
