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Duke Energy Upgraded at UBS (DUK)

By
January 15th, 2013

Duke Energy Upgraded at UBS (DUK)

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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.

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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Disclaimer: Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. The author is not registered as an investment adviser. The author may or may not hold positions in the securities mentioned in this article or video. The author relies upon the "publisher's exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.