B of A Securities Downgrades Duke Energy to Neutral, Lowers Price Target to $96
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Julien Dumoulin-Smith downgraded Duke Energy (DUK) from Buy to Neutral and reduced the price target from $105 to $96, indicating a more cautious outlook on the company's stock.
February 12, 2024 | 12:15 pm
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Duke Energy was downgraded from Buy to Neutral by B of A Securities, with a price target reduction from $105 to $96, reflecting a more conservative view on the stock's future performance.
The downgrade from Buy to Neutral by a significant analyst, along with a reduction in the price target, typically signals a less optimistic view on the stock's future performance. This can lead to decreased investor confidence and potentially lower stock prices in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100