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Fly News Breaks for December 16, 2016
DUK
Dec 16, 2016 | 06:18 EDT
JPMorgan analyst Christopher Turnure downgraded Duke Energy to Underweight saying companies with profitable non-utility, non-renewable businesses and stronger balance sheets are best positioned into 2017. The analyst lowered his price target for the shares to $77 from $79.
News For DUK From the Last 2 Days
DUK
Apr 16, 2024 | 08:57 EDT
BMO Capital lowered the firm's price target on Duke Energy to $99 from $101 but keeps an Outperform rating on the shares ahead of its Q1 results. The firm sees a positive comparison driven primarily by a smaller weather-related headwind, load/customer growth, and rate relief, but adjusts its valuation to reflect mark-to-market relative to the stock's peer group multiple, the analyst tells investors in a research note. BMO adds that its positive view on Duke Energy reflects continued expansion of renewable development and fossil fuel retirements.
