Scotiabank Downgrades Dominion Energy to Sector Perform, Lowers Price Target to $46
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Andrew Weisel has downgraded Dominion Energy (NYSE:D) from Sector Outperform to Sector Perform and lowered the price target from $56 to $46.
October 16, 2023 | 2:34 pm
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Dominion Energy's rating has been downgraded by Scotiabank from Sector Outperform to Sector Perform, with a reduced price target of $46.
The downgrade by Scotiabank from Sector Outperform to Sector Perform indicates a less optimistic outlook for Dominion Energy. The lowering of the price target from $56 to $46 suggests that the analyst believes the stock is overvalued at its current price, which could lead to a decrease in the stock price in the short term.
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