UBS on Duke Energy (DUK): Busy Month - Major Events Coming
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Price: $71.24 -0.13%
Rating Summary:
6 Buy, 8 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 24 | New: 24
Rating Summary:
6 Buy, 8 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 24 | New: 24
Trade DUK Now!
UBS maintains a 'Neutral' on Duke Energy (NYSE: DUK) price target of $69.00 (from $68.00).
Analyst, Jim von Riesemann, said, "Key events to watch: (a) 7/31 and 8/7: DUK must deliver subpoenaed documents (boarding minutes, emails, etc. since merger w/Progress (NYSE: PGN) was first discussed in July 2010) to the NC Attorney General and NC Utilities Commission; (b) 8/2: reports 2Q12 EPS, first earnings report as a combined company; (c) 8/13: DUK scheduled to testify before FL PSC on Crystal River 3 nuclear plant reparation efforts."
Riesemann sees a valuation gap vs. peers, but said, "Execution risk – namely, merger integration and successful regulatory outcomes – remain key drivers of the DUK investment thesis, in our opinion."
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 $68.07 yesterday, with a 52 week range of $16.87-$69.87.
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Analyst, Jim von Riesemann, said, "Key events to watch: (a) 7/31 and 8/7: DUK must deliver subpoenaed documents (boarding minutes, emails, etc. since merger w/Progress (NYSE: PGN) was first discussed in July 2010) to the NC Attorney General and NC Utilities Commission; (b) 8/2: reports 2Q12 EPS, first earnings report as a combined company; (c) 8/13: DUK scheduled to testify before FL PSC on Crystal River 3 nuclear plant reparation efforts."
Riesemann sees a valuation gap vs. peers, but said, "Execution risk – namely, merger integration and successful regulatory outcomes – remain key drivers of the DUK investment thesis, in our opinion."
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 $68.07 yesterday, with a 52 week range of $16.87-$69.87.
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