BUZZ-Jefferies upgrades Dominion Energy to 'buy', sees NextEra merger adding value

Dominion Energy Inc
NextEra Energy, Inc.

Dominion Energy Inc

D

0.00

NextEra Energy, Inc.

NEE

0.00

** Jefferies upgrades Dominion Energy D.N to "buy" from "hold"; raises PT to $76 from $65

** New PT implies a 13% premium to the stock's last close

** Brokerage raises its price target on expectations that the NextEra Energy NEE.N merger will close, offering attractive risk-adjusted returns as the buyer's valuation premium recovers

** Says even if the transaction fails, a stronger standalone outlook backed by a massive breakup fee and supportive state legislation will fund capital projects and drive faster earnings growth

** Two of 18 brokerages rate the stock "buy" or higher and 16 "hold"; median PT is $67 - data compiled by LSEG

** As of last close, Dominion Energy up ~15% YTD


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.