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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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: