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Stock impact report

RBC Capital Trims Duke Energy (DUK) Target in Utilities Sector Preview [Yahoo! Finance]

Duke Energy Corporation (Holding Company) (DUK) 
Last duke energy corporation (holding company) earnings: 2/13 07:00 am Check Earnings Report
US:NYSE Investor Relations: duke-energy.com/our-company/investors
Company Research Source: Yahoo! Finance
On January 23, RBC Capital analyst Stephen D'Ambrisi trimmed his price target on Duke Energy Corporation (NYSE:DUK) to $140 from $143 while maintaining a Sector Perform rating. The change came as part of a broader research note ahead of fourth-quarter earnings across the utilities sector. D'Ambrisi said that, over the past 18 months, shifting capital spending plans have pushed several utilities that usually update guidance in the fourth quarter to release earlier or off-cycle previews. Those updates led RBC to make adjustments to its models across the group. Beyond near-term earnings, Duke Energy's geographic footprint stands out. Most of the company's nuclear, renewable, and fossil fuel assets sit in North and South Carolina, placing Duke between Virginia and Georgia, the top two states for new data center development. Nearly 3,000 data centers are currently under construction across the U.S., with 595 of them in Virginia alone. The state expects electricity demand to climb 153% b Show less Read more
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