BMO Capital analyst James Thalacker lowered the firm’s price target on Duke Energy (DUK) to $136 from $138 and keeps an Outperform rating on the shares after its Q3 results. The management expects to announce a $95B-$105B 2026-2030 CapEx plan with Q4 results, implying 8.5% rate base growth, with incremental equity funding 30%-50% of higher CapEx, the analyst tells investors in a research note.
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Read More on DUK:
- Duke Energy’s Strong Financial Performance and Strategic Growth Plans Justify Buy Rating
- Duke Energy’s Earnings Call Highlights Growth and Challenges
- Duke Energy Reports Strong Q3 2025 Earnings Growth
- Duke Energy expects to announce 2026-2030 capital plan between $95B-$105B
- Duke Energy reports Q3 adjusted EPS $1.81, consensus $1.75