Analyst Actions: Duke Energy Estimates Lowered at Credit Suisse

By Staff,

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Credit Suisse analysts have lowered earnings estimates for Duke Energy Corp. ( DUK )

"After putting several key issues behind the Company (Edwardsport settlement, NC CEO-gate and CR3 retirement decision), we expect focus to turn to the 2 outstanding NC rate cases and potential legislative reset of the NC utility commission (as well as many other govt jobs)," said Credit Suisse.

The firm added that "Duke will add an independent board member by end-April, creating a 9 member Board committee charged with CEO selection (4 DUK, 4 PGN, 1 independent) where we expect a decision realistically in the fall. We see quality internal and external candidates to consider and expect a robust selection process for the job."

The firm has updated their 2013, 2014 and 2015 estimates to $4.38 (from $4.40), $4.70 (from $4.72) and $4.85."

Shares of DUK are down 1.3% to $67.91, amid a 52-week range of $59.63 - $71.13.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Commodities
Referenced Stocks: DUK

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