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Actionable news in DUK: DUKE ENERGY CORPORATION,

Why Is Argus Ditching Its Buy On Duke Energy?

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Shares of Duke Energy Corp DUK 0.24% have gained 11 percent year-to-date. Argus’ Gary Hovis downgraded the rating for the company from Buy to Hold, citing valuation as the reason, since the company’s shares are now trading at a price less than 10 percent from the former price target of $86.

Following the recent upturn, there seems to be an “unexciting total return potential” for Duke Energy’s shares over the next 12 months, despite the...


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