Credit Suisse analyst Nicholas Campanella lowered the firm’s price target on Dominion to $58 from $67 and keeps a Neutral rating on the shares. The firm is updating its views on Dominion following the year-end earnings call where it incorporates its latest reconciliation of the financial outlook, which is principally lower to account for recent legislative amendments, 2022 results where cash flow degradation was worse than we expected and payout ratio commentary which Credit Suisse believes points to a sub $4/share EPS number normalized for strategic review outcomes.
Published first on TheFly
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