Duke Energy (NYSE: DUK) Receives Outperform Rating from BMO Capital with $126 Price Target
BMO Capital has reaffirmed its Outperform rating on Duke Energy (NYSE: DUK) with a steady price target of $126.00. The firm adjusted its third-quarter earnings estimate for Duke Energy to $1.68, citing a decrease from the previous year due to various factors. However, the fourth-quarter earnings estimate has been revised upward to $1.73, taking into account normalized weather conditions and other contributions.
The full-year 2024 earnings estimate for Duke Energy has also been increased to $6.03, reflecting the analyst's expectations for the company's performance. Despite concerns from Mizuho Securities, Duke Energy has made significant strides, including securing a grant for a key power line reconstruction and issuing debentures as part of its capital management strategy.
InvestingPro Insights highlight Duke Energy's market capitalization, P/E ratio, and dividend yield, showcasing the company's presence and financial stability. Investors interested in Duke Energy's stock performance should consider its recent strong returns and upcoming earnings date for further insights.
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