Duke Energy Upgraded at UBS (DUK)
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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