KeyBanc raised the firm’s price target on Duke Energy to $121 from $117 and keeps an Overweight rating on the shares. The firm notes the company operates in relatively constructive states, offering long-term earnings stability through an about $175B 10-year capital plan and contemporaneous recovery through multiyear plans. Additionally, significant economic development has the potential to drive upward revisions to its capital plan next February, adds KeyBanc.
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