BMO Capital Reiterates Market Perform, $66 PT on Duke Energy
In a report published earlier today, BMO Capital Markets reiterated its Market Perform and $66.00 price target on Duke Energy Corporation (NYSE: DUK), related to the North Carolina Utilities Commission hearing yesterday to investigate the abrupt change in CEO of the the merged Duke Energy/Progress Energy combination.
BMO Capital went on to say in the report that, “While we believe there will not be any major near-term repercussions from yesterday's NCUC hearing, DUK will be filing a rate case shortly and the outcome of that case remains uncertain, in our opinion, limiting any significant upside in the near term.”
Shares of Duke Energy were trading at $66.38 at the time of posting, up 0.36 percent from Tuesday's market close.
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