KeyBanc raised the firm’s price target on Duke Energy to $106 from $96 and keeps an Overweight rating on the shares. The NCUC issued a final order in the DEC rate case, whereby Duke Energy received a 10.1% ROE and a $768M revenue increase, as well as resolved other key items. The order supports the firm’s positive view on Duke Energy, as KeyBanc sees the outcome as constructive.
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