BMO Capital lowered the firm’s price target on Duke Energy to $109 from $110 and keeps an Outperform rating on the shares ahead of its Q2 results. The firm is “refreshing” its model with an updated mark-to-market valuation, the analyst tells investors in a research note. Investors’ focus is expected to fall on regulatory updates, including comprehensive Florida rate case settlement/upcoming DEI testimony, the NC Carbon Plan hearings this month, as well as industrial volumes and balance sheet progress, BMO added.
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