UBS Analyst on Duke Energy (DUK): Meet the New DUK, Same as the Old DUK

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UBS maintains a 'Buy' on Duke Energy (NYSE: DUK) price target of $75.00.

Analyst, Jim von Riesemann, comments on the company's recent transactions in which Duke merged with Progress Energy. The new, combined corporation will be named Duke Energy, remain headquartered in Charlotte, NC. However, Duke did announce a new CEO, Jim Rogers, who was currently Chairman. Also, with a 1-for-3 reverse stock split, Duke updated its FY12 EPS outlook (on a standalone & combined basis)

For an analyst ratings summary and ratings history on Duke Energy click here. For more ratings news on Duke Energy click here.

Shares of Duke Energy closed at $0.39 yesterday, with a 52 week range of $16.87-$69.87.

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