JPMorgan Upgrades Dominion Resources, Inc. (D) to Overweight

JPMorgan upgraded Dominion Resources, Inc. (NYSE: D) from Neutral to Overweight with a price target of $90.00 (from $84.00).

Analyst Chris Tumure expects the company's sizeable midstream, LNG and power business EBT to offset large non-utility interest rate expense which ought to increase EPS by double-digits of the lower corp. tax rate alone.

For an analyst ratings summary and ratings history on Dominion Resources, Inc. click here. For more ratings news on Dominion Resources, Inc. click here.

Shares of Dominion Resources, Inc. closed at $84.11 yesterday.

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