Duke Energy downgraded to Hold at Jefferies on valuation, limited catalysts

As previously reported, Jefferies downgraded Duke Energy (DUK) to Hold from Buy with a price target of $134, down from $141. With the stock trading at a 4% premium to peers, successful execution is now “fully reflected in the stock price,” the analyst tells investors. In addition to relative valuation, the firm cites what at sees as limited near-term catalysts for Duke.