Wells Fargo Upgrades Duke Energy: Here’s What You Need To Know – Duke Energy (NYSE:DUK)

Wells Fargo has recently upgraded its rating of Duke Energy (DUK) to Overweight with a price target of $103.00. This marks a change from the previous price target of $94.00. The stock of Duke Energy is currently trading up 0.9% over the last 24 hours, at $91.53 per share. If the stock reaches the new price target, it would represent a 12.53% increase from the current share price.

Duke Energy is one of the largest utilities in the United States, with regulated utilities in the Carolinas, Indiana, Florida, Ohio, and Kentucky. The company delivers electricity to 8.2 million customers and serves more than 1.6 million customers with its natural gas utilities. Duke Energy has also agreed to sell its commercial renewable energy in mid-2023.

Analyst ratings play a crucial role in the financial industry. Analysts, who work in banking and financial systems, specialize in reporting on stocks or defined sectors. They attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish analyst ratings for stocks. These ratings are typically updated once per quarter.

In addition to ratings, analysts may also provide forecasts for metrics like growth estimates, earnings, and revenue, which can provide further guidance for investors. However, it is important to note that analyst ratings come from humans and are therefore subject to error.

For investors who want to keep track of which analysts are outperforming others, platforms like Benzinga Pro offer updated analyst ratings along with analyst success scores.

It is worth mentioning that this article was generated by Benzinga’s automated content engine and reviewed by an editor.

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