Wells Fargo Upgrades Duke Energy: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Wells Fargo has upgraded its rating of Duke Energy (NYSE:DUK) to Overweight and increased the price target from $94.00 to $103.00. Duke Energy's shares are currently trading up 0.9% at $91.53. The new price target suggests a potential upside of 12.53% from the current share price. Duke Energy is a major U.S. utility serving millions of customers and is planning to sell its commercial renewable energy portfolio in mid-2023.
November 30, 2023 | 5:00 pm
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Wells Fargo upgraded Duke Energy to Overweight and raised the price target to $103, suggesting a 12.53% potential increase from the current price.
The upgrade by Wells Fargo is a strong positive signal for investors, indicating a bullish outlook on Duke Energy's stock. The new price target represents a significant potential increase, which could lead to increased investor interest and a rise in the stock price in the short term. The confidence in this analysis is high due to the direct impact analyst ratings typically have on stock performance, especially when it comes from a reputable financial institution.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100