Duke Energy price target raised to $128 from $123 at BMO Capital

BMO Capital raised the firm’s price target on Duke Energy (DUK) to $128 from $123 and keeps an Outperform rating on the shares. The firm’s meeting with the company’s management team reaffirmed its positive outlook on shares, noting that BMO continues to see a low-touch regulatory calendar and defensive profile with a visible growth inflection driving multiple expansion with continued execution, the analyst tells investors in a research note.