KeyBanc downgraded Duke Energy (DUK) to Sector Weight from Overweight without a price target Following a successful multi-year restructuring process, and several constructive regulatory outcomes across its core jurisdictions, Duke is now trading at a slight valuation premium to peers, the analyst tells investors in a research note. The firm says the the stock has also benefited from growing power demand trends and its favorable positioning with respect to economic growth and data center development in its territories. It believes this valuation is deserved, but sees better upside elsewhere in the utilities space at this juncture.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on DUK:
- Duke Energy upgraded to Outperform from Neutral at Mizuho
- Duke Energy price target raised to $118 from $102 at Barclays
- Duke Energy price target raised to $125 from $121 at KeyBanc
- Duke Energy price target raised to $120 from $114 at Morgan Stanley
- Duke Energy initiated with a Buy at Jefferies
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
