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Fly News Breaks for June 20, 2018
DUK
Jun 20, 2018 | 07:05 EDT
BofA/Merrill analyst Julien Dumoulin-Smith upgraded Duke Energy to Buy and raised its price target to $84 from $79 citing recent share underperformance and resolved regulatory overhangs. The analyst thinks Duke's discount to peers is overdone and will benefit from a fund flowback from smid-caps to large-caps. Further, Dumoulin-Smith said the coal ash risk overhang has been removed following the precedent set by the DEP and law on nuclear recovery.
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