Analyst Ross Fowler of Bank of America Securities reiterated a Hold rating on Duke Energy, boosting the price target to $138.00.
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Ross Fowler has given his Hold rating due to a combination of factors influencing Duke Energy’s financial outlook. The company is expected to report an increase in operating earnings for Q3’25 compared to the previous year, driven by higher rates and revenues, as well as reduced storm costs. However, these positive aspects are counterbalanced by increased depreciation, interest expenses, and equity dilution, which temper the overall financial performance.
Additionally, while Duke Energy is anticipated to maintain its full-year EPS guidance and provide some directional insights for 2026, a detailed financial update is not expected until later. The company’s ongoing regulatory processes and capital plans, along with its commitment to a specific FFO/Debt target, further contribute to the Hold rating. Fowler’s updated price objective reflects changes in peer group valuation multiples but maintains the existing valuation methodology.