Morgan Stanley Maintains Equal-Weight on Duke Energy, Raises Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd has maintained an Equal-Weight rating on Duke Energy (NYSE:DUK) and increased the price target from $93 to $95.

November 21, 2023 | 2:20 pm
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Morgan Stanley has reaffirmed Duke Energy's Equal-Weight rating and raised the price target to $95, indicating a positive outlook on the stock.
The increase in price target by Morgan Stanley suggests a positive adjustment in the valuation of Duke Energy, which could lead to a short-term increase in investor confidence and potentially a slight rise in the stock price. The Equal-Weight rating indicates that the stock is expected to perform in line with the sector or the overall market, so while the price target increase is positive, it does not suggest a significant change in the company's outlook.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100