UBS reported on Tuesday that they have upgraded energy company, Duke Energy Corp(DUK).
The firm has increased their rating for DUK from “Neutral” to “Buy,” and has given the company a $70 price target. This price target suggests a 7% increase from the stock’s current price of $65.39.
Analysts view the company as having attractive risk and reward profile.
Duke Energy shares were mostly flat during premarket trading Tuesday. The stock has increased 2% in the past year.
The Bottom Line
Shares of Duke Energy (DUK) have a 4.68% dividend yield, based on last night’s closing stock price of $65.39. The stock has technical support in the $62 price area. If the shares can firm up, we see overhead resistance around the $68 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.
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