Duke Energy price target lowered to $98 from $105 at BMO Capital

BMO Capital analyst James Thalacker lowered the firm’s price target on Duke Energy to $98 from $105 after its Q2 earnings miss but keeps an Outperform rating on the shares. The company certainly has line-of-sight to achieving its 2023 outlook, but the ability to meet the midpoint will be dependent on weather in the second half of the year as well as continued cost management, the analyst tells investors in a research note.