UPDATE: Jefferies Raises PT on Dominion Resources to Adjusted 2013 Quarters

In a report published Monday, Jefferies analyst Paul B. Fremont reiterated a Buy rating on Dominion Resources

, and raised the price target from $61.00 to $67.00. In the report, Fremont noted, “We are adjusting 2013 quarters including a $0.05 decrease of 1Q13 to $0.85 and a $0.05 increase of 3Q13 to $1.10. The reduction in our 1Q13 estimate reflects mild weather during the quarter and a delay in the completion of the Natrium processing/fractionation plant originally scheduled to be in commercial operation at the end of 2012.” Dominion Resources closed on Friday at $60.12.