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Fly News Breaks for May 20, 2019
May 20, 2019 | 06:53 EDT
JPMorgan analyst Christopher Turnure says he remains cautious on shares of Duke Energy despite the recent selloff. South Carolina's regulatory environment "has taken a turn for the worse after recent DEP and DEC rulings, and the ACP project remains in limbo," Turnure tells investors in a research note. The analyst sees further risk to estimates and lowered his price target for Duke shares to $90 from $91. He keeps a Neutral rating on the name.
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