Morgan Stanley Lifts Price Target on Duke Energy (DUK). Here is Why

Duke Energy Corporation (NYSE:DUK) is included among the 12 Best Utility Stocks to Buy Now According to Hedge Funds.

Morgan Stanley Lifts Price Target on Duke Energy (DUK). Here is Why

Duke Energy Corporation (NYSE:DUK) engages in the distribution of natural gas and energy-related services. The company owns and operates a diverse mix of regulated power plants – including hydro, nuclear, solar, battery storage, etc.

On June 24, Morgan Stanley bumped up its price recommendation on Duke Energy Corporation (NYSE:DUK) from $132 to $136, while reaffirming an ‘Equal Weight’ rating on the shares. The revision implies an upside potential of 6% from the current share price.

The move comes after the analyst firm adjusted its targets for the North American Regulated & Diversified Utilities / IPPs as part of its monthly sector review. Morgan Stanley highlighted that the utilities sector fell by 5.5% in May, significantly trailing the gains of around 5.1% posted by the overall S&P during the month.

Duke remains on track to achieve its EPS guidance range of $6.55 to $6.80 for full-year 2026. The utility also reiterated its long-term target to deliver an EPS growth rate 5% to 7% through 2030.

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