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Fly News Breaks for November 22, 2019
DUK
Nov 22, 2019 | 06:36 EDT
Mizuho analyst Anthony Crowdell initiated coverage of Duke Energy with a Neutral rating and $90 price target. The stock trades at a significant price-to-earnings discount, but this is warranted given the company's "significant" debt levels and future regulatory risk surrounding coal ash recovery. He believes Duke is correctly valued at these levels.
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