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Goldman Sachs Upgrades Duke Energy (DUK) to Buy

December 7, 2011 6:55 AM EST
Get Alerts DUK Hot Sheet
Price: $123.81 -0.09%

Rating Summary:
    16 Buy, 17 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 12 | Down: 22 | New: 20
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Goldman Sachs upgraded Duke Energy (NYSE: DUK) from Neutral to Buy with a price target of $22.

The firm said increases and reduced regulatory risk to drive multiple expansion. The firm raised estimates 6%/8% above consensus levels for 2012/13.

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 $20.68 yesterday.


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