Duke Energy (DUK) PT Lowered to $134 at BMO Capital

BMO Capital analyst James M. Thalacker lowered the price target on Duke Energy (NYSE: DUK) to $134.00 (from $138.00) while maintaining an Outperform rating.

The analyst commented: "Unanticipated Comprehensive Settlement in DEC NC Case Helps De-Risk Story; Friday, a settlement resolving all remaining revenue requirement issues was filed in DEC NC's rate case, with Staff and several intervenors among the stipulating parties. The settlement reflects a revised revenue requirement of $496mm (50% of the original $1,002mm request and 80% of the company's revised $622mm request). We view this as a positive surprise as we believe most investors (and ourselves) were likely not expecting a comprehensive settlement given that evidentiary hearings had commenced on July 7. We remain Outperform. Our SOTP/MTM moves to $134."

You May Also Be Interested In

• Alphabet Sees FY26 Capex $195B To $205B, Saw $180B To $190B
• Berenberg Reiterates Buy Rating on Rosebank Industries PLC (ROSE:LN)
• Indusind Bank Ltd (IIB:IN) PT Raised to INR1,250 at Jefferies