BMO Capital analyst James Thalacker raised the firm’s price target on Duke Energy to $103 from $95 and keeps an Outperform rating on the shares. The stock has been outperforming the broader utility sector since mid-year, driven by the combination of regulatory certainty, visible IRP-related investment opportunities, management’s firm focus on organic growth, and a stronger balance sheet, the analyst tells investors in a research note. Moving into 2024, investors are expected to place an increasingly higher weighting on regulatory clarity, balance sheet strength, and improving credit-profiles, the firm added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on DUK:
- Duke Energy responds to order by NCUC
- Duke Energy names Cameron McDonald Chief Human Resources Officer
- Wells Fargo upgrades Duke Energy to Overweight, raises price target to $103
- Duke Energy upgraded to Overweight from Equal Weight at Wells Fargo
- Ex-Dividend Date Nearing for These 10 Stocks – Week of November 13-17, 2023
