Wall Street Analysts Trim Price Targets for These 5 Stocks

03. Duke Energy Corporation (NYSE:DUK)

Number of Hedge Fund Holders: 64

On August 9, James Thalacker, an analyst associated with BMO Capital, modified the price target for Duke Energy Corporation (NYSE:DUK), a significant player in the energy sector. The adjusted price target now stands at $98, compared to the previous value of $105. Despite this change, Thalacker maintains an “Outperform” rating for the company. This adjustment in the price target signifies Thalacker’s revised evaluation of Duke Energy Corporation (NYSE:DUK) potential value within the market. The decrease of $7 from the prior target reflects his updated perspective on the company’s valuation. It’s noteworthy that even with the adjusted price target, Thalacker’s decision to uphold an “Outperform” rating indicates his continued positive outlook on Duke Energy Corporation (NYSE:DUK) performance compared to the market average. This suggests that Thalacker believes Duke Energy has strengths that could lead to better-than-average returns for investors.