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Thursday November 5, 12:59 PM
STOCKS NEWS US-Jefferies upgrades Dominion to "hold"

Stocks on the move Real (Frankfurt: BJU.F - news) -time Equity news U.S. stock market report 0741 EST 05Nov2009-Jefferies upgrades Dominion to 'hold' ------------------------------------------------------------------------------ Jefferies & Co on Thursday upgraded Dominion Resources Inc (NYSE: D - news) to 'hold' from 'underperform,' saying Virginia State Corporation Commission's permission to Virginia Electric Power Co (VEPCO) to issue $1.5 billion new equity will favor the power company. 'Based on the projected higher equity allowed at VEPCO, we believe that the utility will be able to earn at a higher level over the next several years,' the brokerage said in a note. For details, see Shares of Dominion closed Wednesday at $35.10.

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