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UPDATE: Citigroup Raises PT to $23 on Duke Energy; Updates Model

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Citigroup reiterates its Neutral rating on Duke Energy (NYSE: DUK) and raises its price target from $22 to $23.

Citigroup comments, "We are updating our model for the recently reported quarter. The reduction in our discount factor (from full year to half year) raises our target price to $23."

DUK closed at $22.35 on Friday.

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