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.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100