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Fly News Breaks for November 21, 2019
DUK
Nov 21, 2019 | 16:20 EDT
Goldman Sachs analyst Michael Lapides double upgraded Duke Energy to Buy from Sell with a price target of $93, up from $88. The shares lagged the sector index by 18% this year and most negative catalysts have already played out, Lapides tells investors in a research note. Further, the analyst says Duke shares trade at a discount to peers, even on his below-consensus estimates. The "bad news" for the company is out and the valuation "appears more compelling here," contends Lapides.
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