Duke Energy (DUK) Target Raised as Utilities Outlook Improves

Duke Energy Corporation (NYSE:DUK) is included among the 15 Best Low Volatility Blue Chip Stocks to Buy Now.

Duke Energy (DUK) Target Raised as Utilities Outlook Improves

On April 7, Duke Energy had its price target recommendation on Duke Energy Corporation (NYSE:DUK) to $143 from $127. The firm maintained an Overweight rating as it updated its outlook for the North America power and utilities group ahead of Q1.

A couple of weeks earlier, on March 23, Morgan Stanley also lifted its price target on Duke Energy to $142 from $139, while keeping an Equal Weight rating. The firm said it was revising targets across regulated and diversified utilities and independent power producers in North America. The analyst noted that utilities outperformed the S&P 500 in February. Conversations across the sector have been constructive, with companies pointing to growth opportunities. There is also some optimism around load growth and new deals tied to data centers.

Duke Energy Corporation (NYSE:DUK) operates as an energy holding company. Its business is organized across two segments: Electric Utilities and Infrastructure, and Gas Utilities and Infrastructure.

While we acknowledge the risk and potential of DUK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DUK and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 15 Cheapest Stocks with Highest Dividends and 15 Best Consistent Dividend Stocks to Buy Right Now

Disclosure: None. Follow Insider Monkey on Google News.