Duke Energy Corporation (NYSE:DUK) is one of the 12 Best Oil and Gas Stocks to Buy Right Now. On January 30, BTIG reduced its price target on Duke Energy Corporation (NYSE:DUK) from $150 to $141 and kept its Buy rating on the stock.
This update comes as part of a broader research note where BTIG previewed 2025 results for utility companies. The research firm noted that upcoming earnings calls could be more positive, even when investor sentiment has remained cautious.
Duke Energy Corporation (DUK): Among the Growing Dividend Stocks with Low PE Ratios
Earlier, on January 23, RBC Capital cut its price target on Duke Energy Corporation (NYSE:DUK) from $143 to $140 and maintained a Sector Perform rating. The research firm noted that many utility companies have provided early or off-cycle updates to capital plans, which has been the trend over the past 18 months. This led RBC Capital to revise its sector models.
On January 20, Wells Fargo also reduced its price target on Duke Energy Corporation (NYSE:DUK) from $126 to $115 and kept its Equal Weight rating. Wells Fargo updated its valuation approach and rolled forward its outlook by one year to 2028. The research firm believes that Duke Energy Corporation (NYSE:DUK) is currently trading at a premium compared with its previous discounted valuation.
Duke Energy Corporation (NYSE:DUK) is an American electric power and natural gas holding company. It serves millions of customers in the US with its electric utilities and natural gas utilities.
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Disclosure: None. This article is originally published at Insider Monkey.
