Morgan Stanley has updated its price target for Duke Energy (DUK, Financial), lowering it slightly from $128 to $126. Despite this adjustment, the firm maintains an Overweight rating on the company's shares.
This revision is part of a broader reassessment of price targets across the Regulated & Diversified Utilities and Independent Power Producers sector in North America. The utilities sector, according to the firm, showed strong performance, outpacing the S&P 500 index in March.
As the first quarter unfolds, it is considered a "quiet quarter" with no significant financial updates expected. Therefore, investor attention is likely to center on tariff risks, as noted by Morgan Stanley.
