Analysts have been eager to weigh in on the Utilities sector with new ratings on Duke Energy (DUK) and Suncor Energy (SU).
Duke Energy (DUK)
In a report released today, Julien Dumoulin Smith from Merrill Lynch reiterated a Hold rating on Duke Energy, with a price target of $83.00. The company’s shares closed last Wednesday at $81.04.
According to TipRanks.com, Smith is a 3-star analyst with an average return of 0.7% and a 53.8% success rate. Smith covers the Utilities sector, focusing on stocks such as Algonquin Power & Utilities, Public Service Enterprise, and Nextera Energy Partners.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Duke Energy with a $100.78 average price target.
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Suncor Energy (SU)
Credit Suisse analyst Manav Gupta maintained a Buy rating on Suncor Energy today and set a price target of $30.00. The company’s shares closed last Wednesday at $16.30.
According to TipRanks.com, Gupta is ranked 0 out of 5 stars with an average return of -16.0% and a 33.3% success rate. Gupta covers the Utilities sector, focusing on stocks such as Paramount Resources, Marathon Petroleum, and Delek US Holdings.
Currently, the analyst consensus on Suncor Energy is a Strong Buy with an average price target of $21.05, implying a 24.8% upside from current levels. In a report issued on May 6, Canaccord Genuity also maintained a Buy rating on the stock with a C$32.00 price target.
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