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Analysts Offer Insights on Utilities Companies: NRG Energy (NRG) and Duke Energy (DUK)

There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on NRG Energy (NRGResearch Report) and Duke Energy (DUKResearch Report) with bullish sentiments.

NRG Energy (NRG)

BMO Capital analyst James Thalacker maintained a Buy rating on NRG Energy yesterday and set a price target of $46.00. The company’s shares closed last Wednesday at $37.22.

According to TipRanks.com, Thalacker is a 3-star analyst with an average return of 3.4% and a 48.4% success rate. Thalacker covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and American Electric Power.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for NRG Energy with a $44.25 average price target.

See today’s best-performing stocks on TipRanks >>

Duke Energy (DUK)

Bank of America Securities analyst Julien Dumoulin Smith reiterated a Buy rating on Duke Energy today and set a price target of $103.00. The company’s shares closed last Wednesday at $92.82.

According to TipRanks.com, Smith is a 4-star analyst with an average return of 3.8% and a 52.7% success rate. Smith covers the Utilities sector, focusing on stocks such as Nextera Energy Partners, American Electric Power, and Pinnacle West Capital.

Duke Energy has an analyst consensus of Moderate Buy, with a price target consensus of $102.92, implying a 12.0% upside from current levels. In a report released yesterday, BMO Capital also maintained a Buy rating on the stock with a $98.00 price target.

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