BMO Capital raised the firm’s price target on Duke Energy to $112 from $109 and keeps an Outperform rating on the shares. The firm cites the company’s released details of the comprehensive settlement deal with Florida Public Service Commission, or FPSC, as it supports an aggregate revenue increase including SOBRA-related revenues of $403M and $470M and the retention of ITC-related cashflow in 2027, the analyst tells investors in a research note.
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