BMO Capital analyst James Thalacker has maintained their bullish stance on DUK stock, giving a Buy rating on September 3.
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James Thalacker’s rating is based on several key factors that highlight Duke Energy’s strong financial and operational outlook. The management team has expressed confidence in meeting both short-term and long-term financial targets, supported by a robust balance sheet and anticipated growth in gas sales. Additionally, the company is poised for significant sales and earnings per share growth starting in 2027, driven by data center and economic development. The sustainability of asset growth is further bolstered by cost reduction initiatives and merger savings.
Furthermore, Duke Energy’s diversified operations and supportive regulatory environment enhance its premium profile. The company’s commitment to maintaining customer affordability and attracting demand growth through economic development and data center opportunities is evident. With a substantial capital plan and a focus on system modernization and generation investment, particularly in the Carolinas, Duke Energy is well-positioned to achieve its long-term growth targets. The recent announcement of a major data center campus in North Carolina exemplifies the potential for continued expansion and success.
In another report released on September 3, Mizuho Securities also maintained a Buy rating on the stock with a $132.00 price target.