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Deutsche Bank Upgrades Duke Energy to “Buy” (DUK)
Duke Energy Corp (DUK
) was upgraded by analysts at Deutsche Bank on Tuesday as its dividend yield looks favorable in a low interest rate environment.
The analysts upgraded DUK from “Hold” to “Buy” with a $69 valuation. That price target is +6.5% upside to Monday’s closing price of $64.76
Duke Energy shares were flat in premarket trading on Tuesday.
The Bottom Line
Shares of Duke Energy (DUK) have a 4.73% dividend yield, based on last night’s closing stock price of $64.76. The stock has technical support in the $60-$62 price area. If the stock can firm up, we see overhead resistance around the $66 price level.
Duke Energy Corp (DUK) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
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