Raymond James initiated coverage of Duke Energy (DUK) with a Market Perform rating. The firm views Duke Energy as a quality name trading at a reasonable valuation, with limited rate case risk in 2025-2026, creating a clear runway for its well-communicated growth strategy, the analyst tells investors in a research note. Despite the strong historical run, Raymond James sees faster near-term growth that requires less incremental equity, and possibly more catalysts at largely similar valuations to other names in the group.
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