Thursday November 5, 12:59 PM
STOCKS NEWS US-Jefferies upgrades Dominion to "hold"
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Real (Frankfurt: BJU.F - news) -time Equity news
U.S. stock market report
0741 EST 05Nov2009-Jefferies upgrades Dominion to 'hold'
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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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