RBC Capital upgraded Duke Energy to Outperform from Sector Perform with a price target of $113, up from $101. Duke rnters 2024 from a position of strength, with a 100% regulated portfolio, premium regulatory constructs backing up earnings reliability, and a strengthening balance sheet, the analyst tells investors in a research note. While the stock was one of the top performers in the sector in 2023, it will trade in line or close to premium peers in 2024, contends RBC.
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