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.

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.

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