BMO Capital Maintains Bullish Stance on Duke Energy (DUK) Stock

Duke Energy Corporation (NYSE:DUK) is one of the Best Electric Utility Stocks to Buy According to Analysts. On September 7, BMO Capital analyst James Thalacker maintained the bullish stance on the company’s stock, giving a “Buy” rating and the price objective of $132. The analyst’s rating is backed by several key factors demonstrating Duke Energy Corporation (NYSE:DUK)s healthy financial and operational outlook. The management team showcased confidence in meeting short-term and long-term financial targets, thanks to the strong balance sheet and expected growth in gas sales.

BMO Capital Maintains Bullish Stance on Duke Energy (DUK) Stock

Furthermore, the analyst opines that Duke Energy Corporation (NYSE:DUK) is poised for strong sales and EPS growth starting in 2027, thanks to the data center and economic development. The sustainability of asset growth is further strengthened by cost reduction initiatives and merger savings. Also, Duke Energy Corporation (NYSE:DUK)’s diversified operations and supportive regulatory environment improve its premium profile. Its commitment to maintain customer affordability and attract demand growth via economic development and data center opportunities remains evident, opines the analyst.

Duke Energy Corporation (NYSE:DUK) operates as an energy company. The company carries out operations via 2 segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I).

While we acknowledge the potential of DUK to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DUK and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.