BMO Capital raised the firm’s price target on Duke Energy to $120 from $114 and keeps an Outperform rating on the shares. Q2 results topped BMO’s estimates, and the management noted that first half results are tracking in line with expectations as the shaping of earnings in 2023 was affected by unfavorable weather in the first half and offset by agility actions in the second half, the analyst tells investors in a research note.
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