Duke Energy upgraded to Outperform from Neutral at Mizuho

Mizuho upgraded Duke Energy to Outperform from Neutral with a price target of $121, up from $116. The analyst views the selloff related to the recent storms in the Southeast as a “great buying opportunity.” Duke’s southeastern service territory has storm mechanisms that enable the utility to recover storm restoration costs associated with Hurricanes Helene and Milton, the analyst tells investors in a research note. Additionally, the firm says the Southeast is experiencing “robust” economic development, and it expects the region will be less impacted by customer affordability concerns, relative to other parts of the country.