BofA analyst Paul Zimbardo downgraded Dominion to Underperform from Buy with a price target of $59, down from $94, as he projects "another deeper than expected EPS reset" to follow the company’s latest business review. Dominion’s fundamentals had been improving, but the outlook has deteriorated due to rising interest rates and he sees another reset putting the shares in the "penalty box," the analyst added.
Published first on TheFly
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