Analysts Offer Insights on Utilities Companies: Duke Energy (DUK) and Pinnacle West Capital (PNW)
Analysts fell to the sidelines weighing in on Duke Energy (DUK – Research Report) and Pinnacle West Capital (PNW – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
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Duke Energy (DUK)
Wells Fargo analyst Shahriar Pourreza assigned a Hold rating to Duke Energy today and set a price target of $135.00. The company’s shares closed last Tuesday at $131.43.
According to TipRanks.com, Pourreza is a 5-star analyst with an average return of
Currently, the analyst consensus on Duke Energy is a Moderate Buy with an average price target of $135.07, implying a 3.2% upside from current levels. In a report issued on February 20, Morgan Stanley also maintained a Hold rating on the stock with a $139.00 price target.
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Pinnacle West Capital (PNW)
In a report released today, James Thalacker from BMO Capital maintained a Hold rating on Pinnacle West Capital, with a price target of $107.00. The company’s shares closed last Tuesday at $102.00.
According to TipRanks.com, Thalacker is a top 100 analyst with an average return of
Currently, the analyst consensus on Pinnacle West Capital is a Hold with an average price target of $100.78, implying a 1.3% upside from current levels. In a report issued on February 25, TipRanks – Google also downgraded the stock to Hold with a $108.00 price target.
