Jefferies & Company Raises Price Target For Dominion Resources, Inc. (D)

Analyst Paul Fremont at Jefferies & Company has released an update on Dominion Resources, Inc. (NYSE: D). On Thursday, the company reported its first-quarter results.

Dominion reported first-quarter operating EPS of $0.96, which beat Jefferies’ estimate by a cent and consensus estimate by $0.02. Management also affirmed 2010 EPS guidance of $3.20-$3.40.

Jefferies & Company has raised the price target for Dominion Resources, Inc. from $40 to $41.50. The brokerage firm has maintained its Hold rating for the company.