Deutsche Bank Upgrades Duke Energy to "Buy" (DUK)

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 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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