Wells Fargo Upgrades Duke Energy to Overweight, Raises Price Target to $103
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Neil Kalton has upgraded Duke Energy (NYSE:DUK) from Equal-Weight to Overweight and increased the price target from $94 to $103, indicating a positive outlook on the stock.
November 30, 2023 | 12:22 pm
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Duke Energy's stock has been upgraded by Wells Fargo from Equal-Weight to Overweight with a raised price target from $94 to $103, suggesting confidence in the company's performance and potential for stock price increase.
The upgrade to Overweight by a major financial institution like Wells Fargo typically signals a strong bullish stance on the stock, which can lead to increased investor confidence and potential short-term price appreciation. The raised price target further reinforces the positive outlook and may influence market sentiment, potentially driving the stock price up in the short term.
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