Wells Fargo Upgrades Duke Energy: Here's What You Need To Know

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Wells Fargo upgraded its rating of Duke Energy DUK to Overweight with a price target of $103.00, changing its price target from $94.00 to $103.00.

Shares of Duke Energy are trading up 0.9% over the last 24 hours, at $91.53 per share.

A move to $103.00 would account for a 12.53% increase from the current share price.

About Duke Energy

Duke Energy is one of the largest U.S. utilities, with regulated utilities in the Carolinas, Indiana, Florida, Ohio, and Kentucky that deliver electricity to 8.2 million customers. Its natural gas utilities serve more than 1.6 million customers. Duke agreed to sell its commercial renewable energy in mid-2023.

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Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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