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UPDATE: Deutsche Bank Upgrades Duke Energy Corporation to Buy on Growth, Catalysts

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Deutsche Bank raised its rating on Duke Energy Corporation (NYSE: DUK) from Hold to Buy and increased its price target from $68 to $69.

Deutsche Bank commented, "When the dust settles, the level of fiscal drag will be a key factor – with utilities seeing a safety bid if the economy disappoints. Regulated Buys are mostly where we see aboveaverage growth and below-average regulatory risk at a fair price, ideally with catalysts. With sales under pressure from secular trends (e.g. efficiency) and ROEs drifting down, we increasingly see higher value in decoupling mechanisms, trackers or lack of rate cases. DUK does not tick all these boxes, but looks the best value of large cap regulateds and would benefit in the event of a favorable tax rate outcome."

Duke Energy Corporation closed at $64.76 on Monday.

Latest Ratings for DUK

DateFirmActionFromTo
Sep 2018Morgan StanleyMaintainsEqual-WeightEqual-Weight
Sep 2018Wells FargoMaintainsMarket PerformMarket Perform
Sep 2018Morgan StanleyMaintainsEqual-WeightEqual-Weight

View More Analyst Ratings for DUK
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Posted-In: Deutsche BankAnalyst Color Upgrades Intraday Update Analyst Ratings

 

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Latest Ratings

StockFirmActionPT
NKEOppenheimerUpgrades0.0
SBEvercore ISI GroupUpgrades4.5
PTIRBC CapitalUpgrades0.0
GPSJP MorganDowngrades24.0
GIIIB. Riley FBRUpgrades47.0
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