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Duke Energy Upgraded to “Outperform” at Credit Suisse; Solid Growth/Yield Play (DUK)

By Dividend.com,  June 11, 2012, 08:31:13 AM EDT

Electric and natural gas utility operator Duke Energy Corporation ( DUK ) on Monday caught a big upgrade from analysts at Credit Suisse.

The firm said it boosted its rating on DUK from "Neutral" to "Outperform" with a $25.50 price target, suggesting a 10% upside to the stock's Friday closing price of $23.15. Credit Suisse noted the company offers a great combination of solid growth plus attractive dividend yield.

Duke Energy shares posted modest gains in premarket trading Monday.

The Bottom Line
We have been recommending shares of Duke Energy ( DUK ) since Dec.1, 2009, when the stock was trading at $16.68. The company has a 4.32% dividend yield, based on Friday's closing stock price of $23.15.

Duke Energy Corporation ( DUK ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.6 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




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


This article appears in: Investing, Stocks

Referenced Stocks: DUK



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