JPMorgan analyst Christopher Turnure downgraded Dominion Energy to Neutral from Overweight and lowered his price target for the shares to $73 from $79. Since the middle of December, Dominion has experienced an adverse court ruling on the Forest Service permit for the Atlantic Coast Pipeline, pension cost pressure due to weak asset returns in Q4 and proposed Virginia legislation accelerating an earnings test from 2024, Turnure tells investors in a research note. He believes the Court of Appeals invalidation of a Forest Service permit adds "significant risk" to the Atlantic Coast Pipeline project that is likely to extend through at least Q2 of 2019 before a potential favorable ruling. As such, the analyst sees more limited upside for Dominion shares in the near-term.