Information Provided By:
Fly News Breaks for February 15, 2019
Feb 15, 2019 | 11:41 EDT
Credit Suisse analyst Michael Weinstein downgraded Duke Energy to Neutral from Outperform and lowered his price target to $88 from $89 following the "lower quality earnings mix" within the new five-year guidance. In a research note to investors, Weinstein says 2019 and forward EPS growth will reflect at least 16c per share more Commercial Renewable tax credits than w expected, offset by (10c) lower regulated utility earnings than he had previously modeled. Additionally, he expects Duke's smaller CR pipeline will likely produce uneven and "lumpy" future results that will come under pressure as tax credit programs sunset through 2023.
News For DUK From the Last 2 Days
There are no results for your query DUK