Duke Energy Corporation (NYSE:DUK) is considered one of the 10 best stocks to invest in during a recession, according to a recent article on Insider Monkey. The company’s price target was recently raised by BMO Capital by $4 to $136, with analyst James Thalacker maintaining an Outperform rating on the shares. The firm noted that Duke Energy’s operating earnings beat was modest and projected an EPS growth rate of 5%-7% through 2030, with the upper end of the range expected before the end of 2028.
Additionally, Morgan Stanley raised its price target on Duke Energy Corporation from $130 to $139, while maintaining an Equal Weight rating on the shares. This adjustment was part of the firm’s re-evaluation of prices for Regulated & Diversified Utilities and IPPs stocks covered in North America. The firm highlighted utility underperformance in January and discussed data center pipelines against rising affordability and political risks in its fourth-quarter earnings preview.
Founded in 1904, Duke Energy Corporation is one of the largest energy holding companies in the U.S., providing electricity and natural gas to over a million customers. Headquartered in North Carolina, the company has a long history of serving the energy needs of its customers.
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In conclusion, Duke Energy Corporation continues to attract attention from analysts and investors alike, with recent price target increases and positive outlooks for the company’s future performance. As the energy sector evolves and adapts to changing market conditions, Duke Energy remains a key player in providing essential services to customers across the country.
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