UBS Reiterates Buy Following Duke Energy's (DUK) 4Q

UBS reiterated a Buy rating on Duke Energy (NYSE: DUK), and raised the price target to $82.00 (from $76.00), following the company's 4Q.

Analyst Julien Smith commented, "Following a week in which DUK shares surged to become the most controversial utility among our peer group, we are maintaining our Buy-rating. Mgmt’s delineation of an intact 4-6% range, despite the impact of bonus depreciation, as well as confirmation on the asset sale process, helped keep shares intact initially. The overall Buy-case remains predicated on a re-rating in shares as it moves towards a fully-regulated profile, to sit alongside other core utilities."

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 $74.55 yesterday.

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