Loading...
Loading...
JP Morgan maintained Duke Energy
DUK with an Overweight rating and raised the price target from $74.00 to $75.00.
JP Morgan commented, "We are comfortable going into the event Thursday, as we see the potential for modest, visibility-driven upside as the company addresses how it will reach its 4-6% long-term earnings growth target amid weak load growth, several major outstanding rate cases and pressures on the international segment. Despite outperforming the group YTD, we see DUK shares as pricing in a relatively timid growth trajectory, especially for 2013. We also see any incremental growth via aggressive cost control and visibility associated with the introduction of segment-specific and rate base guidance as positives."
Duke Energy closed at $69.46 on Friday.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in