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Fly News Breaks for November 29, 2018
D
Nov 29, 2018 | 06:22 EDT
UBS analyst Daniel Ford upgraded Dominion Energy to Buy from Neutral and raised his price target for the shares to $84 from $75. Management has taken "appropriate and necessary" actions to overcome the negative impact of the surprise master limited partnership income tax ruling that the Federal Energy Regulatory Commission issued earlier this year, Ford tells investors in a research note. The analyst sees "runway for share price appreciation" to his $84 price target. Asset sales and potential Millstone contracting should drive reduced earnings volatility going forward, says the analyst.
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