Mizuho Securities Starts Duke Energy (DUK) at Neutral

Mizuho Securities initiates coverage on Duke Energy (NYSE: DUK) with a Neutral rating and a price target of $75.00.

Analyst James von Riesemann commented, "DUK has come a long way in two years: divesting its Midwest Generation fleet; buying back stock, announcing pipeline infrastructure, and buying Carolina generation. CEO Lynn Good did a yeoman's job overseeing its coal ash issue, which may have proved troubling without such leadership. The bad news is the International business is likely to drag EPS towards the lower end of its 4-6% longer-term aspirations. We still see value here, up to $75, but not enough at this point to warrant a Buy recommendation, hence our Neutral rating."

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 $71.00 yesterday.

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