BMO Capital lowered the firm’s price target on Duke Energy to $101 from $102 and keeps an Outperform rating on the shares. The firm is adjusting its model based on mark-to-market updates relative to the company’s peer group multiples. BMO also remains positive on Duke Energy’s continued expansion of renewable development and fossil fuel retirements, a visible 97%-98% regulated utility profile, and reduced regulatory rate lag in North Carolina.
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- Duke Energy price target lowered to $102 from $109 at BMO Capital
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