Deutsche Bank has a Buy rating and a $46.50 price target on shares of Dominion Resources D.
In a note sent to clients, Deutsche Bank writes, "We are upgrading D to Buy from Hold, based on D's strong regulated growth
plans and its execution track record as well as an attractive New England merchant generation fleet. We expect the merchant segment's earnings to be relatively flat in 2012 versus 2011 and turn upward in 2013, removing a drag on strong regulated earnings growth. We view D's 5%-6% EPS growth target starting in 2012 as achievable, with upside in the event of stronger improvement at merchant gen or the realization of additional regulated growth."
Shares of D gained 35 cents yesterday to close at $42.61, a gain of 0.8%.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in