Dominion price target raised to $49 from $48 at Wells Fargo

Wells Fargo raised the firm’s price target on Dominion to $49 from $48 and keeps an Equal Weight rating on the shares. Dominion announced a 50% sale in the Coastal Virginia Offshore Wind project, and while the firm did not anticipate a cost-sharing arrangement, the terms appear reasonable and the project is on time and on budget, the analyst tells investors in a research note.