Analyst Upgrades Dominion Energy (D) Following NextEra Deal Announcement
Jefferies upgraded Dominion Energy (D) from 'Hold' to 'Buy' and increased its price target to $76, representing a 14% upside. This upgrade follows the announcement of a $66.8 billion acquisition deal with NextEra Energy, which is expected to create the world's largest regulated electric utility. The analyst also cited Virginia House Bill 895, which expands renewable energy storage targets, as a factor supporting future EPS growth for Dominion Energy.
https://www.insidermonkey.com/blog/analyst-upgrades-dominion-energy-d-following-nextera-deal-announcement-1775290/